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A report by officials presented during a Feb. 21 Summit Board of County Commissioners meeting found similar revenue projections for Keystone as another report conducted by a nonprofit group of advocates for incorporation — known as the Keystone Citizens League. However, it differed on how much funding would be left over year-over-year based on the would-be-town’s expenses.
“Both our assumptions are relatively close on revenues,” said David Reynolds, the county’s finance director. “It really comes down to the cost assumptions … between admin, public works, etcetera.”
According to a county memo presented by Reynolds, Keystone is projected to bring in about $20 million in revenue over the next five years beginning in 2023. That projection was based on data compiled by a Colorado-based consulting firm, Triple Point Strategic Consulting, which the county contracted with.
A citizens league analysis projects that revenue will be $19 million over the same period of time.
But county officials also estimate the town will spend $19.6 million over the next five years compared to an estimate of $14.3 million by the citizens league, though much of that is based on a 2021 report, according to Reynolds.
