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<br />BACKGROUND 9 <br /> <br />problems. Past studies have estimated a lag time of from five to eight <br />years between public expenditures and future realized revenue uses:* <br /> <br />ILLUSTRATION OF LEAD TIME PROBLEM** <br /> <br />120 <br /> <br /> <br /> 100 <br /><Il <br />II <br />.. 80 <br />--' <br />--' <br />0 <br />0 <br />u. <br />0 60 <br /><Il <br />Z <br />0 <br />..J 40 <br />..J <br />::;: <br /> 20 <br /> 0 <br /> <br />2 4 6 e 10 <br />YEAR FROM START OF CONSTRUCTION <br /> <br />New taxes (or revenues) from an energy project often go to the county and! <br />or the state, while the major impact occurs in the communities where the <br />people live and require public facilities and services. An energy proj- <br />ect can also be located in one county, while the community where workers <br />and related service people live may be in another county or even another <br />state. <br /> <br />The Rocky Mountain Region, and Colorado in particular, is replete with ex- <br />amples of the boom town phenomenon. The ghost towns of the gold and silver <br />rush of the 1800's can still be found in the mountainous areas of the re- <br />gion. One bystander of the earlier "boom" period said "from a lone cabin, <br />Leadville (Colorado) became a village in a night, a town in a week, a <br /> <br />*In particular, Colorado Geological Survey, Tax Lead Time Study for the <br />Oil Shale Region, 1974. <br /> <br />**Ibid., p. 31. <br /> <br />0440 <br />