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Pueblo presents 2026 budget with $11.9M projected fund-balance decrease; personnel and capital priorities outlined
Summary
City finance staff presented the proposed 2026 budget work session, showing a revised projected fund-balance decrease of $11.9 million, assumptions including a 1% sales‑tax decline and 5.8% health‑insurance increase, proposed pay adjustments and a mix of cuts and reclassifications for nonprofit contracts and positions.
Finance staff led a 90‑minute work session Monday to walk the council through the proposed 2026 budget and the underlying assumptions.
Heather Graham Mayer said the updated B1 reduces the projected deficit from $12.5 million to $11.9 million after accounting for staffing and classification changes. Key assumptions include a projected 1% decline in sales tax revenues, a 5.8% increase in health insurance costs (about $1.4 million), and use of interest from the half‑cent sales‑tax account to cover two large items (City Annex payment and PMJC HVAC),…
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