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Montrose workshop weighs 2025 budget after drop in preliminary tax capacity
Summary
City staff presented preliminary 2025 budget options after the county’s preliminary tax capacity fell by about $352,000; council discussed cuts to parks and capital deferrals and asked staff to prepare levy scenarios for Monday’s meeting.
City of Montrose staff opened a workshop discussion of the 2025 preliminary budget after the county-provided preliminary tax capacity fell from about 4.175 to roughly 3.86, a drop the presenter said was driven by recent state changes to homestead credits. The presenter said the drop equates to roughly $352,000 and warned that, without adjustments, the levy increase could be substantial.
The finance staff member recommended several expense reductions and capital deferrals to limit rate growth, saying, “we were looking at a 20.3% increase” with the prior expense assumptions and noting the city could choose levy scenarios that only be reduced later. Staff committed to producing options, including an illustrative $500,000 street-improvement levy that would give flexibility in the final package. Councilmembers asked staff to prepare materials for the Monday meeting so elected officials can decide among options before final certification later in the year.
