Centennial trims 2026 revenue forecast, shifts $47 million into managed capital portfolio

Jeff Cadiz, finance director for the City of Centennial, told the City Council on Sept. 9 that the city is updating its revenue forecasts for 2026 and is reorganizing part of its investments to better match expected capital spending.

Cadiz said the city’s total general‑fund revenues for 2026 are projected at $87,100,000 and that staff is recommending a net downward adjustment to the 2026 revenue estimate of about $472,000 (1 percent) compared with the original 2026 budget assumptions. He described three notable changes driving the revision: sales tax, property tax and construction use tax.

Cadiz said sales tax currently shows a positive variance to the 2025 budget of about $1,475,000, but he warned that most of that gain stems from a single, one‑time large sales‑tax return. “That came from one sales tax return from one business,” Cadiz said, describing it as a computer/electronics sale to a data center. He said removing that $3,200,000 anomaly would leave sales tax down roughly 3.4 percent versus budget and down about 1.6 percent compared with 2024 year‑to‑date figures. Cadiz showed staff projections that, absent…