Northglenn hears November financial report; sales and use tax down about 1.7%
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Summary
Deputy City Manager Jason Loveland told the council the November 2025 report showed sales and use tax were down about 1.7% year over year, driven by declines in construction and marijuana tax receipts and partially offset by food and recreation revenues. Staff said the city's credit rating remains strong.
Deputy City Manager Jason Loveland told the Northglenn City Council on Jan. 12 that the city’s November 2025 financial report showed sales and use tax were down approximately 1.7% year over year. Loveland said declines were concentrated in construction-related use tax and marijuana tax revenue, while food tax and recreation-related revenues rose and partially offset the losses.
"Sales and use tax were down approximately 1.7% year over year," Loveland said. He added that expenditures across major funds remain generally aligned with budget projections.
Members of the public had raised concerns about transparency in the adopted 2026 budget and the use of debt issuance. In response, staff addressed questions about the city’s bond ratings and clarified that Northglenn maintains a strong overall credit rating.
The report indicates revenue shifts that could shape budget discussions this year; council members noted legislative priorities and community partnerships as part of ongoing oversight. City Manager Heather Geyer later reviewed the council’s tentative agenda through April 2026, which includes additional budget and strategic planning items.
The council did not take formal budgetary action at the meeting; staff will continue monitoring revenues and presenting updates to the council.