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Green Mountain Falls adopts 2025 budget after cuts and investment shift
Summary
Trustees adopted a modified 2025 budget that trims some professional-service spending, increases funds placed in Colorado Trust, and shows a $3,995.45 surplus after amendments. The board also certified the 2025 mill levy.
The Green Mountain Falls Board of Trustees voted to adopt a revised 2025 budget on voice vote after a sequence of line-item amendments that reduced the town's draw on reserves and increased investments.
Staff presented a set of on-the-fly edits to the proposed budget that included increasing the amount placed in Colorado Trust to $20,000, cutting professional-services spending, and reallocating part-time labor to cover a planner position. After those changes the board's resolution listed total revenues of $886,905 and total expenses of $882,909.55, leaving a net increase of $3,995.45. Trustee motion to approve Resolution 2024-08 as modified carried by voice vote.
"This reduces it to now a $9,600, need from the general fund reserve," Staff summarized while displaying the updated spreadsheet to trustees during the live budget work session. That recap reflected a set of smaller cuts and targeted increases intended to close most of the roughly $20,000 shortfall staff had earlier identified.
The trustees debated a range of line items during the multi-hour discussion: professional-services spending was proposed to be cut by half, part-time labor was increased to cover planner duties in house, overtime budgets for the marshal's office were discussed for potential increase, and some election-related expenses were shifted to county coordination. Several trustees also pushed for realizing additional returns via the Colorado Trust investment vehicle rather than leaving funds in low-yield accounts.
The board also formally certified the town's mill levy for 2025 during the same meeting through Resolution 2024-07; staff confirmed the levy remains at 17.588 mills as used for the budget calculations.
The budget package, as amended, passed on a motion and second. Trustees were told staff will post the final resolution and updated budget documents as required by state deadlines.
