Mayor John Suthers presented a balanced 2018 budget to City Council Monday, October 2. The 2018 General Fund budget is $288.9 million, $16.3 million or 6 percent more than the 2017 budget. The increase is largely due to a projected increase in sales and use tax revenue.
Attached is an overview of the budget development process and Suthers’ letter to City Council outlining the allocation of funds in line with the City’s strategic plan goals: Promoting Job Creation, Investing in Infrastructure, Building Community and Collaborative Relationships, and Excelling in City Services.
2018 General Fund Highlights:
· $900,000 in increased funding for park maintenance, recreational and cultural service needs
· $1.2 million in increased funding for city fleet replacement
· $750,000 contribution to the I-25/Cimarron landscaping project (part of city’s obligation for completion of Cimarron/I-25 project).
· $180,000 increased funding to Mountain Metro Transit
· $300,000 to improve the City’s online services relating to permitting, land use and licensing
· $5.5 million to address police and fire compensation issues and civilian compensation issues
The complete proposed 2018 budget is available at: coloradosprings.gov/2018budget
Upcoming Important Budget Dates:
Oct. 16 (all day) – Budget presentations to City Council
Oct. 19 – Public input meeting (5-7:30p)