The Student News Site of Colorado State University

The Rocky Mountain Collegian

The Student News Site of Colorado State University

The Rocky Mountain Collegian

The Student News Site of Colorado State University

The Rocky Mountain Collegian

Print Edition
Letter to the editor submissions
Have a strong opinion about something happening on campus or in Fort Collins? Want to respond to an article written on The Collegian? Write a Letter to the Editor by following the guidelines here.
Follow Us on Twitter
Crypto Exchange Listing: Types of Exchanges and Compliance Requirements
March 25, 2024

The crypto industry continues to evolve, fueled by the increasing institutional adoption of crypto. Today, numerous companies are entering the...

    Waldo Canyon Fire $3.2 million, High Park Fire $33.5 million … so who’s paying?

    High Park fires [Image 21 of 27]
    High Park fires [Image 21 of 27] (Photo credit: DVIDSHUB)
    Bloomberg Businessweek is reporting that the cost of fighting the destructive Waldo Canyon Fire is now up to $3.2 million and the price of the High Park Fire is now at $33.5 million, according to a press release sent by the Larimer County Sheriff this morning.

    No one is going to argue for penny pinching when homes and lives are threatened by wildfires, but the cost of containing a blaze the size of the High Park Fire is staggering. So how do states cover the cost?

    Ad

    Tim Hoover wrote for The Morning Journal that the current fires come at a tricky time for Colorado politicians. The state’s fiscal year ends in June, so the budget is less flexible at the moment than it would be if the fires had sprung up a month from now. Nonetheless, the governor’s office has managed to move enough funds around – for the moment – to cover the cost of the fires.

    “… (Hickenlooper) transferred $15 million from a reserve fund of more than $100 million that is funded by surcharges on worker’s compensation insurance. An additional $24 million came from other places in the budget where funds had been unspent in the current fiscal year (Hoover, The Morning Journal).”

    Hoover also reported that as much as 75 percent of the cost will be reimbursed by the federal government. This means that, while we will be paying more than residents of other states,  Coloradand aren’t the only taxpayers involved in funding the firefighting efforts.

    View Comments (9)
    More to Discover

    Comments (9)

    When commenting on The Collegian’s website, please be respectful of others and their viewpoints. The Collegian reviews all comments and reserves the right to reject comments from the website. Comments including any of the following will not be accepted. 1. No language attacking a protected group, including slurs or other profane language directed at a person’s race, religion, gender, sexual orientation, social class, age, physical or mental disability, ethnicity or nationality. 2. No factually inaccurate information, including misleading statements or incorrect data. 3. No abusive language or harassment of Collegian writers, editors or other commenters. 4. No threatening language that includes but is not limited to language inciting violence against an individual or group of people. 5. No links.
    All The Rocky Mountain Collegian Picks Reader Picks Sort: Newest

    Your email address will not be published. Required fields are marked *