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Metro District's Local Government
Financial Statements

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Metro District's 2010 Adopted Budget

Metro District's 2009 Adopted Budget

Metro District's 2008 Adopted Budget

Metro District's 2008 Financial Statement (CAFR)

Metro District's 2007 Financial Statement (CAFR)

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.

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:

  • 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
  • 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.
  • 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.
  • 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.

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This page was last updated on March 05, 2010.
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