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Dos Rios GID board sets 2025 GID budget, proposes 7-mill levy and transfers capital funds toward debt service
Summary
The City acting as the Dos Rios General Improvement District board adopted the GIDs 2025 budget and certified a proposed 7-mill levy to fund debt service; staff noted the capital fund beginning balance (~$530,460) and a proposed transfer of $553,412 to help cover 2025 debt service, and recommended updating the development plan and financial model to assess long-term financing.
At the conclusion of the council meeting on Dec. 4, the council convened as the City of Grand Junction Dos Rios General Improvement District (GID) board and adopted the districts 2025 budget and a tax levy resolution.
GID Treasurer Jody Welch summarized the district's purpose (debt issued to build infrastructure in Dos Rios in 2019; improvements completed in 2021) and outlined the three-fund structure for 2025:…
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