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District Financial Frequently Asked Questions


Financial Information of the Districts                                                                                                                                                                                        1
What is the current mill levy imposed by FRMD, how does it compare to other Metro Districts, and how has it changed over the years?      1
How are the funds raised by the FRMD mill levy used?                                                                                                                                                        2
What is the maximum FRMD mill levy?                                                                                                                                                                                    2
How was the level of maximum Mill Levy decided?                                                                                                                                                              3
If it is determined that the Mill Levy for FRMD needs to be increased above the current 40 Mills, how does that happen?                                3
How do I calculate my taxes?                                                                                                                                                                                                     3
Why did my tax bill go up exponentially a year or two after I purchased my home?                                                                                                     3
What is a Gallagher Adjustment?                                                                                                                                                                                              4
What is the maximum debt permitted to be issued by FRMD?                                                                                                                                          4
What is the FRMD “TABOR Authorization?"                                                                                                                                                                            5
What is General Obligation Debt?                                                                                                                                                                                            5
What is Revenue Debt?                                                                                                                                                                                                                5
When are Bonds Issued?                                                                                                                                                                                                             5
What is the current outstanding debt of FRMD?                                                                                                                                                                    6
Why was the first bond issued out of District No. 1 and the subsequent two from District No. 3?                                                                             7
What are FRMD’s responsible costs?                                                                                                                                                                                        7
What specific infrastructure was reimbursed with each bond?                                                                                                                                           7

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Lakewood, Colorado


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  • Home
    • New home page
  • The District
    • District Responsibilities - Overview
    • Board of Directors Meetings / Information > >
      • Board Members
      • Board Meetings
    • District Committees > >
      • Committee Members
      • Community Information
      • Finance Committee
      • Landscaping Committee
      • Retreat/Pool Committee
      • Social Committee
    • Documents > >
      • Brookfield Lawsuit
      • District Documents
      • Governing Documents > >
        • Development Agreements
        • District Governing Documents
        • Intergovernmental Agreements
      • Technology Accessibility Statement
    • Elections > >
      • 2025 Elections
    • Financial Information > >
      • District Audit Information
      • District Budget Information
      • Mill Levy Information
      • Schedule of Fees
      • Financial FAQ
    • Maps
    • Public Improvements
    • Reserve Study
    • Retreat and Pool > >
      • Retreat
      • Pool
    • Sewer Information
    • Snow Removal
    • Frequently Asked Questions
  • HOA
    • HOA Responsibilities - Overview
    • Architectural Control
    • Board of Directors Meetings / Information > >
      • Board Members
      • Board Meetings
    • Budgets
    • Governing Documents
    • Trash and Recycling
    • Solterra Patio HOA > >
      • Solterra Patio HOA Governing Documents
    • HOA FAQ
  • Resources
    • Calendar
    • Emergency Guide
    • Events > >
      • 100 Women of Solterra
      • Book Club
      • Empty Nesters
      • Fitness Class
      • Golf - Men's/Women's
      • Hiking Group
      • Social Committee
      • Sole-Terra Runners and Walkers
    • Explanation of Billing
    • Homeowner Information and Tips
    • Homeowner Suggestions
    • Newsletter
  • Pay Online
  • Contact
    • Privacy Policy