To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Trish Muller CPA, Finance Director
Title
Ordinance Adopting the 2025 Fiscal Year Budget for the Town of Castle Rock, Colorado (Second Reading - Approved on First Reading on September 3, 2024 by a vote 7-0)
Body
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Executive Summary
Town staff provided an overview of the Proposed 2025 Budget to Town Council and the community at the August 20, 2024 Council meeting. At this meeting, an overview of strategic budget priorities was addressed along with a review of departmental requests and emerging issues that affect long term planning for Castle Rock. Additionally, individual meetings occurred between the Town Manager and Council members to review budget requests included in the Proposed 2025 Budget.
On July 15, 2024 Town staff held a Telephone Town Hall to receive input for the Proposed 2025 Budget with Castle Rock citizens. Multiple questions were asked during the open house. Feedback received was consistent with the Town’s budget priorities with public safety, transportation, parks, and long-term water being identified by respondents as their funding priorities.
The Proposed 2025 Budget is being presented tonight on first reading, with second and final reading planned at the September 17th Town Council meeting. Public hearings/public input on the proposed budget will be conducted at both meetings. Readings of a resolution approving the 2026-2029 Balanced Financial Plan, a resolution approving the 2026-2029 Five-year Capital Improvement Plan, and first reading of an ordinance levying general property taxes for the year 2024, for 2025 collection, are also planned for this council meeting.
Attached to this memo are the ordinance to adopt the budget (Attachment A), the 2025 Budget Message (Attachment B), which provides an explanation and summary of the proposed budget and major issues. The complete Proposed 2025 Budget, along with revenue and expenditure detail and a budget-in-brief document, is available on the Town’s website at CRgov.com/2025Budget <https://crgov.com/3630/2025-Budget>.
Proposed Motion
“I move to approve the ordinance adopting the 2025 Budget for the Town of Castle Rock, Colorado.”
Attachments
Attachment A: Ordinance
Attachment B: Proposed 2025 Budget Message