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Board hears $21.6M CIP fund balance and discusses selective annexation to boost sales tax
Summary
The Capital Improvement Tax board reported a sizable fund balance ($21.6M cited for 2025) and projected higher spending in 2026 for transportation projects; a member floated selective annexation of unincorporated commercial nodes to increase sales‑tax revenue, with a suggested city‑attorney briefing as a next step.
Board members received a financial readout of Littleton’s Capital Improvement Tax (CIP) account and discussed an exploratory idea to selectively annex nearby unincorporated commercial areas to grow sales‑tax revenue.
Speaker 7 told the board that the CIP fund has been accumulating a substantial balance and cited 2025 collections of about $21.6 million; the board was told that planned 2026 spending could approach $29 million with roughly $13 million of additional revenue anticipated, and a large share of funds is proposed for transportation and bridge projects (speaker 7 cited $6 million earmarked for a Broadway/Lee Gulch tunnel project).
Following the financial review, speaker 7 raised a separate idea: selectively annexing unincorporated commercial hubs (shopping centers near I‑470 and unincorporated Jefferson County) to capture sales tax without taking on large service burdens. Members discussed fairness and PR concerns—whether customers living outside Littleton would bear the tax and whether the city could credibly provide services to those areas. Speaker 7 recommended a meeting with the city attorney to explore legality, fiscal impacts and next steps; board members supported adding the discussion to the June agenda.
No formal action or annexation plan was adopted at the meeting; the board requested staff and legal follow‑up so members can better assess fiscal tradeoffs before making formal recommendations to council.
