Littleton City finance and public works staff told the Transportation & Mobility Board on a December meeting that the city plans $75.5 million in funded capital projects for 2026 and lists $8.9 million as unfunded for that year, while five‑year funded plans total about $181 million.

Laurie Mata, the city’s director of finance, told the board the city’s capital improvement sales tax fund — renamed earlier this year — is bringing in “between 10 and $12,000,000 a year,” and that the city is planning to issue roughly $30.5 million in certificates of participation (COPs) in 2026 to pay for projects including town‑hall improvements, downtown redevelopment and a service center.

The finance director described the toolbox of financing available to Littleton: voter‑approved general obligation bonds, revenue bonds, state revolving fund loans for water and stormwater, COPs and grant awards. She said the city has no outstanding GO bonds at present and that the charter limits GO debt to roughly 3.7% of assessed value, which staff calculate caps Littleton at about $48 million of GO capacity given an assessed value near $1.3 billion.

Public works director Brent Soderlund and other staff warned the board that money alone would not deliver all projects. Soderlund said crews and project management capacity are already committed to large projects next year — including the downtown program and replacement of service center buildings — and that staff can deliver the projects budgeted, but have limited ability to take on additional work even if new funding were immediately available.

Board members pressed staff on how much additional revenue the Costco development would add; Mata said the budget currently assumes about $1.2 million annually will flow to the general fund as the city’s share of projected sales‑tax gains, reflecting a conservative midpoint between the developer and a consultant’s projections.

The presentation also highlighted an identified roughly $120 million of additional projects the board and staff would like to complete but have not yet funded; staff described a continuing effort to refine estimates, reallocate savings from projects that come in under budget and pursue grants for open‑space and other eligible work.

Next steps: staff said they will continue to refine the five‑year CIP, pursue grant opportunities, and return with more detailed project pages in the online budget document. The board recommended the transportation master plan be completed to provide clearer priorities for funding and delivery.