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Larimer County posts un‑audited $81M 2025 net surplus; staff warns revenue caps and disaster exposure could create mid‑term shortfalls
Summary
Budget staff reported an un‑audited countywide 2025 net surplus of roughly $81 million but cautioned that a revenue cap, sliding sales‑tax receipts and potential disaster expenses create a projected structural deficit in 2027–28 before long‑term recovery tied to expiring tax increment financing and certificate payments around the 2030s.
Larimer County budget staff reported on March 25 that preliminary, un‑audited countywide figures for fiscal 2025 show an almost $12 million revenue shortfall offset by about $93 million in expense savings, "netting out to about $81 million total countywide for 2025," according to budget team lead Matthew Bahunan.
Staff emphasized the figures are un‑audited and finance continues to close the books. The presentation broke down the drivers by fund: interest allocation differences and delayed FEMA reimbursements (for incidents such as the Alexander Mountain fire and the 2013 floods) reduced general‑fund revenue in 2025, while personnel vacancy and turnover — notably in human services — produced sizable expense…
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