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<br />56~ <br /> <br /> Construction As$8S$8d Revenues (b) (thousand dollars) <br /> Cost Valuation (a) Other <br /> Craig Special <br />Year (thousand dollars) Schools Rural Fire County Districts Total <br />1975 55,032 11,006 519 22 239 6 787 <br />1976 178,854 35,771 1,688 71 779 19 2,558 <br />1977 357,708 71,542 3,376 143 1,559 39 5,117 <br />1978 431,000 86,200 4,067 172 1,878 47 6,165 <br />1979 440,256 88,051 4,155 176 1,918 48 6,298 <br />1980 458,600 91,720 ~' <br />4,328 183 1,998 50 6,560 <br />1981 458,600 91,720 4,328 183 1,998 50 6,560 <br /> <br />I <br />f-' <br />00 <br />C', <br />I <br /> <br />(a) Property of Public Utilities are valued by the State Tax Administration using a formula that considers capitalized earnings <br />as well as depreciated cost of the assets in determining the value of the property, The value thus determined is then assessed at <br />the legal maximum of 30%. The variables involved in applying a formula containing an earnings factor to the ownership of the <br />individual participants makes it difficult to predict a level of assessment, For purposes of these computations, it is assumed that <br />the assessed valuation will be a constant 20% of Original Cost of the construction', <br /> <br />(b) These revenues are calculated using the following 1973 mill levies as a constant: <br /> <br />School District RD-1 <br />School District No.5 (through 1976) <br />Colorado River Water <br />Craig Rural Fire <br />Upper Yampa WCD <br />County <br /> <br />43,63 <br />3.56 <br />,40 <br />2,00 <br />.15 <br />21.79 <br />71.53 <br /> <br />"'--' <br /> <br />The revenue is reflected in the year in which it would be paid to the taxing entity. <br /> <br />"Does not include Mine Investment. <br /> <br />TABLE 23. ESTIMATED CONSTRUCTION COST AVAILABLE FOR ASSESSMENT IN MOFFAT COU~JTY <br />ASSESSED VALUATION AND TAX REVENUE FROM THE YAMPA PROJECP <br />1975 - 1981 <br />