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Metro District's Local Government
Financial Statements
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Metro District's
2006 Financial Statements (CAFR):
As of the May 2006 election, Highlands Ranch Metro Districts 1, 2, and 4 were
consolidated into Metro District 3 effective January 1, 2007 for financial
purposes. For 2006 we prepared financial statements individually for Districts
1, 2 and 4. A comprehensive annual financial report (which includes the
financial statements) was prepared for Metro District 3.
2011 Annual Report
Local Government
Funding Fact Sheet
Financial Focus
Highlands Ranch
continues to be one of the strongest master planned communities in the
United States
with sustained, managed growth. This success has allowed for the operation of
special districts like the Metro District and Centennial Water & Sanitation
District, providing an extensive level of service at a cost-effective, stable
tax rate. The Metro District is very proud of the following financial
accomplishments:
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The cost of debt is
constantly reviewed to assure the lowest rates possible.
In November 2008, the Metro
District received a
AA+ rating from Standard &
Poor’s, a level rarely received by a special district.
Learn more
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Stable property taxes have
been maintained by requiring developers and home builders to pay system
development fees.
The Metro District has collected $125 million in
development fees through December 31, 2006.
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Developer donations of land
-- at no cost to the taxpayer -- for parks, open space, major roadways,
landscaped areas and other Metro District facilities, have also helped to keep
capital costs low.
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When combined, these
financially conservative practices have allowed for provision of the Highlands
Ranch Metro District’s services without an increase in average residential
property taxes for more than a decade.
You may wonder about
the background and purpose of the Metro District of Highlands Ranch, or which
organizations provide municipal services in our community. The Metro District is
a special district that was created, through
Colorado
statute, as an integral part of this master planned community. Originally, five
separate districts covered different geographic areas of Highlands Ranch. In May
2006, Highlands Ranch residents voted to consolidate Metro Districts 1, 2, and 4
into Metro District 3.
For the sake of efficiency, another special
district, Centennial Water & Sanitation District, provides the common water and
wastewater systems for the Metro District.
The Metro District was established with the intent
to blend funding from property taxes and development fees to provide municipal
services. Growth in Highlands Ranch allowed development fees on new construction
to shoulder much of the burden of funding the community’s needed infrastructure.
Highlands Ranch and the Metro District are an excellent example of growth paying
its own way.
Please email us at
Information Please.
When sending email, please include your name and phone number so we may also have
the option to call you to answer your questions.
This page was last updated on
August 31, 2011.
Highlands Ranch Metro
District |
