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City reviews 18 Business Improvement District operating plans and budgets; several seek elector votes on tax-limit waivers
Summary
Senior planner Allison Stucker reviewed annual operating plans for 18 Business Improvement Districts, noting modest mill-levy changes, planned debt issuances for some districts, and that several districts intend to present elector votes to waive the state property-tax growth limit; formal approvals are scheduled Oct. 28.
Senior planner Allison Stucker presented highlights of the 2026 operating plans and budgets for 18 Business Improvement Districts (BIDs) in Colorado Springs, a presentation required annually by state statute. Stucker said most operating plans had only minor changes from the prior year and that staff introduced a standardized fact sheet this year to help council compare district reports.
Stucker noted several districts plan debt issuances (for example, 1st & Main had two issuances this year, and some districts expect issuances in 2026), and most districts reported small mill-levy adjustments (commonly less than 1 mill). She highlighted that several districts are considering the statutory property-tax limit (a 5.25% limit referenced in the presentation) and that district boards may ask their eligible electors (landowners within the district) to waive the limit via an election.
Council members asked about privately placed developer debt, refinancing plans and which BIDs hold such obligations. Stucker said developer-held debt is not always disclosed in the annual reports and that staff will follow up with district representatives to collect that information where available. Stucker said all BID operating plans would be scheduled for formal approval on Oct. 28 and that additional materials would be uploaded to Legistar.
What’s next: Staff will upload the fact sheets and any supplemental materials to the Oct. 28 packet and follow up on privately placed-debt disclosures if council desires further detail.
