To: Board of County Commissioners
Through: Michelle Halstead, Director, Commissioners' Office; Todd Weaver, Director, Finance
Prepared By:
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Jessica Savko, Budget Manager, Finance; Kendra Davis, Management Analyst, Finance
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presenter
Presenter: CIP Committee; Bryan Weimer, Public Works Director and Committee Chair
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Subject:
title
2:00 PM *Capital Improvement Program Information Session
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Purpose and Request:
recommended action
The purpose of this study session is to provide information to the Board of County Commissioners about the County's Capital Improvement Program (CIP), which identifies and funds the County's capital needs. Similar to the study sessions from departments and offices, this will help inform the County's use of additional 1A funds and the upcoming 2026 budget discussions. It will also provide context for discussions on future investment structure and long-range planning.
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Background and Discussion: During the 2024 General Election, Arapahoe County voters approved ballot measure 1A, which grants the County the ability to remove certain revenue and spending limits imposed by the Taxpayer's Bill of Rights (TABOR). This approval allows Arapahoe County to collect, retain, and spend revenue that exceeds the limitations outlined in Article X, Section 20 of the Colorado Constitution. With this new flexibility, the County now has a unique opportunity to invest in long-term fiscal sustainability, improve service delivery, and address critical needs.
While the County will recognize approximately $63 million in additional revenue in 2025, future financial projections show a $20-$25 million decline in new revenue from 2026 - 2029, which is attributable to state legislative changes and declining property tax assessments. If the county is too aggressive in adding ongoing costs to the budget, the new revenue could be fully utilized within the first five years leading to difficult budget situations in the future. This...
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