Broomfield City Council reviews 2025 budget amendments including $64M for ongoing projects

The City of Broomfield's regular city council meeting on March 11, 2025, focused primarily on the first budget amendment of the year, presented by Budget Manager Nathan Mosley. The amendment is a routine part of the city's annual budget process, allowing for adjustments based on unspent funds from previous years and new financial needs.

Mosley outlined that the amendment includes the carryforward of approximately $64 million for 175 ongoing capital projects that were previously approved but not completed in 2024. This carryforward is essential for projects that span multiple years, ensuring that funds remain available for their completion. Notable projects mentioned include roadway improvements and renovations at the Bay, which is expected to open in July.

In addition to the carryforward, the amendment introduces several new budget items. This includes $400,000 allocated for the Broomfield Housing Authority and funding for a utility rate assistance program aimed at helping residents manage their utility bills. The amendment also earmarks $8.4 million for the acquisition of the Miller property, primarily funded through public land dedication fees.

The budget amendment also addresses adjustments to enterprise funds, with $2.1 million allocated for the implementation of the utility rate assistance program. This includes projected credits for residents and actual rebate checks for those living in residences with master meters.

Looking ahead, Mosley noted that the city plans to provide a quarterly financial update on April 15, which will include a review of 2024's financial performance and preliminary discussions for the 2026 budget. The council is scheduled to adopt the budget on October 28, 2025.

The meeting concluded with an invitation for public comments, although no residents chose to speak. City council members then engaged in a question-and-answer session regarding the budget details, emphasizing the importance of transparency and fiscal responsibility in managing the city's finances.