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Erie council approves supplemental budget after finance director outlines $39.8 million reduction
Summary
Finance Director Sarah Hancock told council the spring supplemental package reduces the town's overall budget by about $39,763,944, mainly by deappropriating water-plant funds; council approved the supplemental appropriations unanimously after questions about specific projects, grants and a Boulder water lease.
Sarah Hancock, the town's director of finance, told the Erie Town Council on April 28 that the spring supplemental appropriations package would reduce the town's overall budget by roughly $39,763,944, a change she said was driven primarily by deappropriating funds originally set aside for the water treatment plant.
Hancock opened the public hearing on Resolution 2026-260 by describing the package's structure and the principal drivers of the change. "This is the first time I've ever brought a supplemental change request summary with a negative number," she said, and explained that most of the large reduction represented cash being returned to the water fund and some planned bond…
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