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Centennial finance director outlines 2026 budget framework, reserves and major revenue lines
Summary
Finance Director Jeff Cadiz presented a 2026 budget overview, describing legal constraints (TABOR and the home rule charter), the city's fund structure, a 25% general fund reserve policy and key revenue figures including $52 million in projected sales tax and a 5.076 mill levy generating about $15.95 million.
Jeff Cadiz, Centennial's finance director, presented a one-hour overview of the city's budget framework and 2026 estimates, telling the council that "the budget really is the city's financial roadmap for the year." Cadiz said the presentation was meant to establish a shared baseline so council members can make policy decisions later in the process.
Cadiz framed the budget inside the city's legal obligations and local policy. He cited the Colorado constitution and the Taxpayer Bill of Rights (TABOR) as constraints on tax increases and debt and described the home rule charter's calendar: the city manager must present a proposed budget prior to Sept. 20, workshops are typically held in September and October, and council…
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