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This metro district charges 115 mills and is still behind on its bonds. A state audit found it isn’t alone.
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Rocky Mountain Voice, State, Top Stories

This metro district charges 115 mills and is still behind on its bonds. A state audit found it isn’t alone.

By Shaina Cole | Contributing Writer, Rocky Mountain Voice Homeowners inside the Riverdale Peaks II Metropolitan District pay one of the highest tax rates of any special district in Colorado. Their metro district levied 115.019 mills in 2024, good for fifth place on a list of eleven districts statewide charging 100 mills or more. That levy pulled in $428,566 in property taxes for the year. Riverdale Peaks II is one of 19 districts that told the state, in their own financial filings, that they have been or will be unable to make principal or interest payments on their debt as those payments come due.  It taxes its residents at more than 100 mills and still reports to the state that it can't keep up with the full payments on its bonds. That combination is the core finding o...
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Cherry Creek, Poudre among Colorado districts flagged for draining reserves
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Rocky Mountain Voice, State, Top Stories

Cherry Creek, Poudre among Colorado districts flagged for draining reserves

By Shaina Cole | Contributing Writer, Rocky Mountain Voice For years, the story of a Colorado school district in fiscal trouble has looked the same. Small. Rural. A few hundred students on the plains or up a mountain valley, squeezed by declining enrollment and a thin local tax base. This year the Office of the State Auditor put three very different names on that list: Cherry Creek, Colorado Springs 11, and Poudre. Three of the largest, most visible districts in the state, each newly flagged after missing two benchmarks tied to operating margins and a shrinking fund balance. The report, dated July 30, tracks the financial health of all 178 Colorado school districts across the three years ending June 30, 2025. It runs six ratios against each district. Miss two or more and you l...
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