Colorado Springs proposes $2.25 million budget for Briargate district, up $164,922
The proposal would keep the property-tax rate at 4.409 mills but draw $272,615 from the district’s fund balance, leaving a projected $453,585 at year-end.
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Colorado Springs finance staff proposed a $2.25 million 2027 budget for Briargate General Improvement District 2021, $164,922 more than its amended 2026 budget, with the property-tax rate unchanged.
City Council introduced the proposed budget and levy resolutions at its Oct. 26 work session and is scheduled to hold a public hearing and vote Nov. 10, the work-session discussion shows. The district’s advisory committee recommended forwarding the budget to Council in a Sept. 16 letter.
Operating expenses would rise by $163,803 to $1,515,461, and capital outlay would increase by $49,500 to $132,400. Salaries, benefits and pension costs would fall by $48,381 to $600,972, the proposed budget shows.
The district projects $1,976,219 in revenue, including $1,760,229 from property taxes, $165,990 in specific ownership taxes and $50,000 in interest. That is $69,977 less than the amended 2026 budget projected. The district would use $272,615 from its fund balance to cover the difference between projected revenue and spending, leaving an estimated $453,585 at year-end, compared with $726,199 at the start of the year.
An unchanged levy rate does not necessarily mean an individual property owner’s tax bill will stay the same; the bill also depends on the property’s taxable value.