Hayden Town Manager Russ Martin plans to lead an effort to analyze who bears Hayden's tax burden.
He hopes to find a few more people to serve on the committee that would meet two or three times to examine taxes in Hayden.
"It's essentially to look at our revenues and see whose tax burden that is and see what opportunities there are to rearrange our tax burdens," Martin said.
Martin said town officials want to ease the tax burden on residents. Martin has wanted to review the town's tax policy since he became town manager in March 2004. Another goal for the committee would be to update the tax policy so that expenses incurred from growth pay for themselves and the burden is not placed on residents. The committee would review and discuss policies before making recommendations to the Town Board.
Property taxes and sales taxes are the main sources of the town's $1.2 million in projected revenues for 2006. Sales tax is expected to generate about $840,000, with Yampa Valley Regional Airport businesses bringing in most of that money.
Martin said two taxes he thinks the town should explore are a lodging tax and a tax on building materials.
There also are taxes the town may have outgrown that have a direct effect on the pocketbooks of residents. One is a vehicle ownership tax.
When people purchase a vehicle and bring it into town, residents pay 2 percent of the purchase price to Hayden.
"That's one we'd really like to look at," Martin said.
Martin is expected to talk about the tax committee during Thursday's 7 p.m. Town Board meeting at Hayden Town Hall.
The Town Board will also:
Consider a resident's request to purchase part of an alley between Fourth and Fifth Streets.
Consider a replat of Vista Verde Townhomes that would turn the townhomes into ownership units.