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Commissioners approve preliminary 2025 budget; reduce COP borrowing, plan EMS Station spending
Summary
Grand County approved a preliminary 2025 budget that reduces planned certificate-of-participation borrowing from $25M to $22M (anticipating ~$4M in grants) and assumes 60% of the estimated $26M EMS Station 1 construction cost will be incurred in 2025; finance director said final numbers may be refined before final adoption.
Curtis Lang, finance director, presented a revised preliminary 2025 budget and described changes from the proposed budget after recent budget hearings. The board reduced planned certificate‑of‑participation (COP) borrowing for EMS Station 1 from $25 million to $22 million to reflect anticipated grant revenues of approximately $4 million; commissioners also moved the percentage of construction cost attributed to 2025 from 50% to 60% (60% of an estimated $26 million project, or about $15.06 million, projected to be spent in 2025). The adjustments and other capital and vehicle purchases reduced the previous surplus to a small positive figure on paper while using reserves for multiyear capital projects.
Commissioners discussed the accounting treatment (loan proceeds appear as revenue in the year received) and emphasized the difference between budgeting deficits and taking on long‑term debt. Lang explained the timeline for final adoption: departments may request rebuttal hearings by the end of the week, possible rebuttal hearings on Nov. 6, final determination Nov. 12, and formal adoption and delivery to the state in mid‑December with the budget due by Jan. 31. The board voted to approve the preliminary budget as presented and proceed with the stated schedule.
