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Fort Collins warns of 2025–26 shortfalls as sales-tax growth lags; staff imposes hiring pause
Summary
City finance staff told council that sales and use tax collections have underperformed budget expectations and that staff is forecasting 2% growth versus the 4.2% needed to meet the 2025 budget, prompting a hiring pause and plans for a 2026 budget revision.
City finance leaders told the Fort Collins City Council at a work session that national and regional economic shifts and weaker-than-expected local sales tax collections have created a probable shortfall in the city’s 2025 and 2026 budgets.
"Conditions have significantly changed since the 2025 budget was adopted last fall," Chief Financial Officer Caleb Weitz said, opening the informational briefing. Weitz and Revenue Director Jen Posnanovich said sales-tax performance to date will require stronger growth than currently forecast to meet the adopted 2025 budget.
Posnanovich presented early-year collections and said the city’s 2024 actual sales-tax collections were about 2.1% below the 2024 budget, resulting in a need for 4.2% growth this year to…
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