2015 Budget

2015 Budget

Focus is on maintaining levels of service

Castle Rock is a growing and changing community. Since 2010, the Town’s population has grown more than 20 percent. As the Town works to maintain its levels of service in this climate, it’s important to take a broad look at the annual budget.

Aligned with that perspective, the 2015 budget was prepared with a different approach from years past. It is a base budget, which focuses on the proposed allocation of resources necessary to maintain established  levels of service and complete approved capital projects.

This all can be accomplished without any tax increases, no new taxes and no new fees. Increased fees are limited to minimal increases in some utility rates and fees, amounting to about 82 cents per household per month.

Five major priorities still drive the Town’s 2015 Budget:

  1. Completion of the North Meadows Extension
  2. Securing our long-term renewable water future
  3. Additional improvements Philip S. Miller Park
  4. Providing outstanding public health and safety services
  5. Creating jobs / expanding the tax base

The Town’s property tax mill levy remains at 1.703 mills for 2015. That means that the owner of a $300,000 house still will pay only about $40, or 2.30 percent or less of his or her total property tax bill, to the Town in 2015 for the wide range of services that it provides.

The budget includes $188.9 million in expenditures and $161.2 million in revenues. The planned use of accumulated cash reserves – mostly for the North Meadows Extension, water and other infrastructure projects – will offset that difference.

Property taxes are expected to make up only about $1 million, or less than sixth-tenths of 1 percent, of the Town’s total 2015 revenues.

Additional financial information
Additional financial information is available on the Town’s Transparency Portal.

Questions about our budget? Email us or call 720-733-2227

This article originated from http://www.crgov.com/index.aspx?NID=1629
This post was originally published on this site

This post was originally published on this site
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