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Breckenridge releases preliminary FY2025–26 budget; proposes 1.05428 tax rate pending certified values
Summary
City staff presented a preliminary balanced budget that would raise the proposed city tax rate to 1.05428 per $100 valuation under preliminary taxable values; staff said certified values on July 25 could change the rate.
The Breckenridge City Commission received a preliminary budget presentation on July 1 that proposes a city property-tax rate of 1.05428 per $100 of assessed valuation based on preliminary taxable values provided by the appraisal district.
City staff said the proposed rate is a preliminary figure and that certified values, due July 25, could lower the rate. "Based on preliminary values, the proposed tax rate is 1.05428. Last year's tax rate was 1.04471," the city manager said. Staff emphasized the figures shown are preliminary and that certification from the county appraisal district will allow final adjustments.
The presentation tied the budget to the city's strategic plan priorities: infrastructure investment, employee compensation and training, economic development and beautification, and transparency and communication. Major line items noted included a proposed 3 percent pay increase for existing employees, a vehicle-replacement and fleet-maintenance allocation (about $200,000), a street/drainage study, and water/wastewater system improvements (about $246,000 proposed for system improvements this year).
Staff also reviewed the city's revenue mix: property tax (about 22 percent of total city revenue across funds), sales tax (about 18 percent), and the water and sanitation enterprise funds (combined roughly 37 percent across all funds). For the general fund alone, property and sales taxes together represent a larger share (36 percent and 37 percent respectively of general-fund revenue in the presentation). The city manager said the municipality has rebuilt reserves in recent years and currently holds a general-fund balance near a four-to-six months recommended target.
On the water and wastewater side, staff presented separate fund budgets: the water fund showed preliminary revenue of about $2.957 million and expenditures of about $2.841 million, while the wastewater fund showed smaller totals with a modest cushion to cover emergencies and ongoing projects. Staff noted recent wet weather and infiltration/inflow (I & I) issues have affected usage and operations.
Discussion vs. decision: the commission heard the budget presentation and provided verbal feedback; staff will return with revised numbers after certified property valuations and before final budget adoption and tax-rate decisions.
