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City Council set to vote on 2014 budget

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Revenues increasing, but expenses more than keeping pace

Littleton is projecting it will continue to see an increase in revenue in 2014, but the city is also predicting that expenditures will soon outpace revenues. 

The City Council will vote on the proposed budget during its 7 p.m. Oct. 15 meeting.

While Littleton has seen better-than-expected revenues this year, it is still projecting that rising expenses will necessitate finding a new revenue stream.

The council has discussed options for increasing revenues, from implementing higher impact fees for new developments to charging entrance fees at the city’s museum.

Littleton has not asked voters for a property tax increase since 1991. The city’s property-tax rate remains at 6.662 mills.

The proposed operational budget for next year is about $51 million, $2 million more what was budgeted for 2013. Littleton also has about $6 million in capital projects planned for next year, including $1 million in street repairs. 

The city is projecting it will bring in $52.4 million into its general fund through taxes and other fees, an increase of $3.7 million over this year. 

The $4.2 million expected in property-tax revenue is $140,000 more than 2013. 

The city is also predicting it will see a $782,000 increase in sales-tax revenue over this year.

 


Contact Ramsey Scott at ramsey@evergreenco.com or 303-933-2233, ext. 22, and follow him on Twitter @RamseyColumbine.