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The original item was published from 9/8/2021 5:16:17 PM to 9/18/2021 12:00:01 AM.

News and Announcements

News and Announcements

Posted on: September 8, 2021

[ARCHIVED] Sept. 7 Council update: Proposed 2022 Budget introduced

Town Council update Sept. 7

An introduction of the Proposed 2022 Budget was the main topic on Town Council’s Sept. 7 meeting agenda.

Here is a closer look:

  • Proposed 2022 Budget – Per public feedback, the Proposed 2022 Budget will continue to prioritize police and fire, roads, water, and parks and recreation. The $303.8 million budget includes $120.5 million for capital improvements; $22.2 million for debt, interfund loans and transfers between funds; and $161 million for operations, including $18.5 million for annual pavement maintenance.

    The proposed budget accounts for annual growth in sales tax revenue budgeted at 4.5%. And, property tax revenue budgeted at an increase of 5.5%; the corresponding mill levy rate is expected to drop below the 2021 rate of 1.196 mills when finalized in December. A slight decrease in combined current water rates for the average existing residential customer, and an increase in growth-related water system development fees, are also planned for 2022.

    The Proposed 2022 Budget is based on positive voter approval of the Town’s four November ballot measures. Two ballot measures provide additional funding for police and fire – a new housing construction tax paid by builders and a TABOR revenue timeout, which will also allow the Town to build a new interchange at Interstate 25 and Crystal Valley Parkway. Another ballot measure is a 0.1% sales tax increase that would provide additional funding for open space acquisition. The final ballot measure is a lodging tax that would provide funding for parks and recreation purposes. If voters do not approve one or more of the ballot measures, the proposed budget will need to be reduced to reflect available resources.

    The first reading of the budget and 2022 property tax mill levy is planned for Sept. 21. Learn more at CRgov.com/2022Budget.

    Watch the presentation and Council discussion

Coming up

The next regular Town Council meeting is Tuesday, Sept. 21. Visit CRgov.com/CouncilComments between Sept. 16 and 21 to provide written feedback, or to sign up to speak via videoconference during the meeting. The meeting will be available live at CRgov.com/CouncilMeeting. In-person attendance will also be available.

Questions? Email all Councilmembers at TownCouncil@CRgov.com, or find your Council representative at CRgov.com/Council; sign up for email updates by clicking “Get Email Updates.” Updates include summaries of top Council items, as well as previews of Council meetings.

View Town Council agendas at CRgov.com/Agendas. Watch Council live at CRgov.com/WatchCouncil, or catch a recording there after the meeting. Town Council meetings are also broadcast live and replayed on Comcast Channel 22.

Get Town news straight to your inbox. Sign up online at CRgov.com/NotifyMe, or follow the Town on Facebook (facebook.com/CRgov), Twitter (@CRgov), Instagram (CRGOV) and LinkedIn (search Town of Castle Rock.)

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