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Erie officials outline 2025 budget, reserves and staffing assumptions
Summary
Town Manager Malcolm Fleming presented Erie’s 2025 budget framework, explaining a 25% minimum reserve (TABOR 3% + emergency 12% + stabilization 10%), projected transfers to the CIP, and assumptions on revenue and personnel costs driving the five-year forecast.
Town Manager Malcolm Fleming told the council that staff had structured the 2025 budget around a conservative financial forecast and a multi-component 25% minimum reserve. "We maintain that 25% of operating expenditures as a reserve," Fleming said, noting the reserve includes TABOR’s 3% requirement, an emergency reserve intended to cover disaster responses and a stabilization reserve intended to smooth…
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