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Trustees Warn of Financial Crisis Without New Revenue Sources

October 23, 2024 | Wellington Town, Larimer County, Colorado


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Trustees Warn of Financial Crisis Without New Revenue Sources
During a recent government meeting, concerns were raised about the financial stability of the community, with officials highlighting the urgent need for economic development to generate additional revenue. One trustee emphasized that without new income streams, the community could face bankruptcy within five years, stressing the importance of a balanced budget and potential sacrifices in the current financial plan.

Trustee Moore responded to these concerns by addressing misinformation circulating in the community regarding financial data, particularly inaccuracies related to the water and sewer funds. She urged residents to trust the expertise of the trustees and staff, who are tasked with managing the community's finances and planning for future growth.

Moore acknowledged the community's dissatisfaction with current water rates but reassured that proactive infrastructure planning is underway to support sustainable growth and avoid similar financial predicaments in the future. She underscored the importance of responsible planning, which she believes was lacking in previous years, contributing to the current financial challenges. The discussions reflect a critical moment for the community as it navigates its fiscal future and seeks to restore economic stability.

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