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El Paso County reports stronger-than-expected 2025 preliminary results, adds $11M to reserves
Summary
County Chief Financial Officer Nikki Simmons told commissioners the unaudited preliminary 2025 results show a net positive variance to budget driven by offsetting revenue gains and underspending: $888,000 in extra revenues, a $53M underspend of which $42M was reappropriated and about $11M added to a 26% general fund balance. Commissioners pressed for details on a school-district split assessment and specific ownership tax impacts.
Nikki Simmons, chief financial officer for El Paso County, presented the county's unaudited preliminary results for 2025, saying the general fund unrestricted revenues finished with a $888,000 positive variance and overall at 100.4% of the revenue budget.
Simmons said sales and use tax collections came in $5.25 million below budget but rose 1.99% compared with the prior year, while interest revenues exceeded budget by $3.36 million as year-end interest rates averaged about 3.57 percent. Clerk and recorder fees were about $2.6 million above budget, driven by increased refinancing…
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