10/17/2026
Someone recently asked me some sincere questions regarding the County's reserves, property taxes, and the optional 1% sales tax. I appreciated the question and the opportunity to respond. I'm going to split this post up into two. The first part will deal with property taxes, and the second part will deal with the optional 1% sales tax. Here's a summation of what was asked:
๐ฐ๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐
๐๐๐๐๐
$10 ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐บ๐๐๐๐๐ ๐น๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐๐๐๐ ๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐, ๐
๐ ๐๐ ๐๐๐๐๐๐ ๐๐๐๐
๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐
๐๐๐? ๐จ๐๐
๐๐๐๐๐ ๐ฐโ๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐
๐๐๐ ๐๐ ๐๐๐ 1%, ๐๐ ๐๐๐๐๐ ๐๐๐๐ ๐๐'๐ ๐๐๐ ๐๐๐๐๐ ๐๐๐๐
๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐
๐๐๐ ๐๐๐
๐๐ ๐๐๐๐๐๐๐๐๐๐
๐๐๐๐๐๐๐ ๐๐๐-๐๐๐๐๐๐๐. ๐ฏ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐ 1% ๐๐๐๐๐ ๐๐๐ ๐
๐๐๐๐๐๐๐๐
๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐
๐๐๐?
๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐ #๐: ๐๐ง ๐๐๐ฌ๐๐ซ๐ฏ๐๐ฌ ๐๐ง๐ ๐๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ฒ ๐๐๐ฑ๐๐ฌ
The Spaeth Ranch was purchased a couple of months before I was appointed to the board. I was critical of that decision early on. The money for the purchase was taken from the capital replacement reserveโwhich is money that has been saved over many years for new capital construction and major maintenance. The one nice thing about real estate is that it often provides an even greater return than other investments. Our reserves are currently invested in low-risk instruments: treasuries, bonds, etc. The purpose is to inflation-proof our savings, and maybe even make a little extra for the taxpayers. The Spaeth Ranch is currently for sale, and I anticipate that the county will sell it for more than the original purchase price a couple of years ago, but that remains to be seen. The money from any sale will go right back into the Capital Replacement Reserve.
๐ผ ๐๐ค๐ช๐ฅ๐ก๐ ๐ค๐ ๐ฉ๐๐๐ฃ๐๐จ ๐๐๐ค๐ช๐ฉ ๐ฉ๐๐๐จ๐ ๐ง๐๐จ๐๐ง๐ซ๐๐จ. Every year the County presents a balanced budget and then seeks to spend less than what it takes in, unlike the federal government. Those small surpluses are kept in reserves.
Reserves play a couple of key functions. ๐๐๐ง๐จ๐ฉ, ๐ฉ๐๐๐ฎ ๐๐ก๐ก๐ค๐ฌ ๐ช๐จ ๐ฉ๐ค ๐จ๐๐ซ๐ ๐ค๐ซ๐๐ง ๐ฉ๐๐ข๐ ๐๐ค๐ง ๐ง๐๐๐ก๐ก๐ฎ ๐๐๐-๐ฉ๐๐๐ ๐๐ฉ ๐๐ฉ๐๐ข๐จ, ๐จ๐ช๐๐ ๐๐จ ๐ง๐ค๐๐๐จ, ๐๐ฃ๐๐ง๐๐จ๐ฉ๐ง๐ช๐๐ฉ๐ช๐ง๐, ๐๐๐ฅ๐๐ฉ๐๐ก ๐ฅ๐ง๐ค๐๐๐๐ฉ๐จ, ๐๐ฃ๐ ๐ช๐ฃ๐๐ค๐ง๐๐จ๐๐๐ฃ ๐๐ข๐๐ง๐๐๐ฃ๐๐๐๐จ. For instance, we have to address the future of the Rockpile Museum, our local repository of our history, culture, and heritage. Not only is the condition of the building a big concern, there are also parking, storage, and space needs that must be addressed. This isn't new. There were plans to build a new museum in 2016, but the last coal bust indefinitely postponed that project. We've put band-aids on the existing building to limp it along, but something must be done.
Building a new museum at Camplex (near the big equipment displays) is the current plan of action. I think it's the most cost-effective option as well, but it will still cost tens of millions of dollars. We're developing plans right now, with a keen eye on controlling costs. We don't need a Taj Mahal, but we do need something that fits the needs of our community. ๐๐๐ ๐๐๐ฅ๐๐ฉ๐๐ก ๐ง๐๐ฅ๐ก๐๐๐๐ข๐๐ฃ๐ฉ ๐ง๐๐จ๐๐ง๐ซ๐ ๐๐ก๐ก๐ค๐ฌ๐จ ๐ฉ๐๐ ๐๐ค๐ช๐ฃ๐ฉ๐ฎ ๐ฉ๐ค ๐จ๐๐ซ๐ ๐๐ค๐ง ๐ฉ๐๐๐ฃ๐๐จ ๐ก๐๐ ๐ ๐ฉ๐๐๐จ ๐จ๐ค ๐ฉ๐๐๐ฉ ๐ฌ๐ ๐๐ค๐ฃ'๐ฉ ๐๐๐ซ๐ ๐ฉ๐ค ๐๐จ๐ ๐ฉ๐๐ญ๐ฅ๐๐ฎ๐๐ง๐จ ๐๐ค๐ง ๐ข๐ค๐ง๐ ๐ข๐ค๐ฃ๐๐ฎ ๐ค๐ฃ ๐ ๐๐๐ก๐ก๐ค๐ฉ ๐ข๐๐๐จ๐ช๐ง๐, ๐๐ฉ๐. The goal is to steward what we have and use what we have so that we don't have to ask taxpayers for additional money later on. We can deplete our reserves, but it makes it more likely to ask for more taxes in the future.
๐๐๐ง๐๐๐ฅ๐จ ๐๐ซ๐๐ฃ ๐ข๐ค๐ง๐ ๐๐ข๐ฅ๐ค๐ง๐ฉ๐๐ฃ๐ฉ๐ก๐ฎ ๐๐ค๐ง ๐พ๐๐ข๐ฅ๐๐๐ก๐ก ๐พ๐ค๐ช๐ฃ๐ฉ๐ฎ, ๐ง๐๐จ๐๐ง๐ซ๐๐จ ๐๐๐ฉ ๐๐จ ๐ ๐จ๐๐ค๐๐ ๐๐๐จ๐ค๐ง๐๐๐ง ๐๐ค๐ง ๐ค๐ช๐ง ๐๐ค๐ค๐ข-๐๐ฃ๐-๐๐ช๐จ๐ฉ ๐๐๐ค๐ฃ๐ค๐ข๐ฎ, ๐ฅ๐ง๐ค๐ฉ๐๐๐ฉ๐๐ฃ๐ ๐ฉ๐๐ญ๐ฅ๐๐ฎ๐๐ง๐จ ๐๐ฃ ๐ฉ๐๐๐จ ๐๐ค๐ช๐ฃ๐ฉ๐ฎ ๐๐ง๐ค๐ข ๐ข๐๐ง๐ ๐๐ฉ ๐ซ๐ค๐ก๐๐ฉ๐๐ก๐๐ฉ๐ฎ. We save in the good times to weather the bad times. It's not a matter of if, but WHEN the next bust occurs. Putting a little money in reserves every year (when practicable) requires a kind of fiscal discipline to spend less than what we take in. The needs are always greater than the resources available, so County department heads and Commissioners must prioritize needs and what is really important. Some needs are really important, but they get pushed off into future years because the resources are limited. It's all a balancing act.
The County government primarily relies on property taxes to fund its operations. We can assess up to 12 mills. We currently assess 10.45 mills. Only Campbell and Teton County do not assess the full 12 mills. There are 4 classes of property that are taxed: minerals, industrial, agricultural, and residential/all other (which includes commercial property). Unlike Teton County, in which 84% of their property taxes come from the residential class, Campbell's revenue comes primarily from the minerals class (79% ๐ข๐๐ฃ๐๐ง๐๐ก๐จ, ๐ค๐ฃ๐ก๐ฎ 6% ๐ง๐๐จ๐๐๐๐ฃ๐ฉ๐๐๐ก). ๐๐ฉ ๐๐จ ๐ฉ๐๐ ๐ข๐๐ฃ๐๐ง๐๐ก๐จ ๐๐ฃ๐๐ช๐จ๐ฉ๐ง๐ฎ ๐ฉ๐๐๐ฉ ๐ฅ๐๐ฎ๐จ ๐๐ค๐ง ๐ข๐ค๐จ๐ฉ ๐ค๐ ๐ฉ๐๐ ๐พ๐ค๐ช๐ฃ๐ฉ๐ฎ'๐จ ๐๐ช๐๐๐๐ฉ ๐๐ฃ๐ ๐ฉ๐๐ ๐ง๐๐จ๐๐ง๐ซ๐๐จ.
Should the ballot proposition go through, giving a property tax exemption of 50% on the residence of owner-occupied homeowners, it will affect each county differently. In Campbell, we'll feel it, but we'll adjust more easily. In Teton County and Sheridan County, it will have a more significant impact because they rely more on the property taxes of the residential class. Every place will be different. If Campbell County, on the other hand, experiences a bust in the minerals industry, well then we are going to need to make some very serious adjustmentsโand hopefully we have our reserves to help soften the shock.