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Finance director outlines $48.5 million spring supplemental; council approves first reading
Summary
Finance Director Tyler Sexton presented the spring supplemental budget, a $48.5 million package largely made up of 2025 carry-forwards and technical adjustments; council approved the ordinance on first reading and asked for more detail on a Rio Grande equipment-lease buyout at the second reading.
Tyler Sexton, Aspen's finance director, presented the spring supplemental ordinance (Ordinance No. 7, Series of 2026) and summarized the major components on March 10.
"Of the $48,500,000 request, about 72% of that is coming from the carry forwards," Sexton said, and he identified technical adjustments of about $9,700,000 and departmental central savings near $3,700,000. He also noted that the recently adopted 0.3 percent public-education sales tax generated approximately $5,600,000 reflected in the supplemental request.
Council asked questions about specific items, including a Rio Grande building lease buyout; staff said additional details would be provided at second reading. The council voted to approve Ordinance 7 on first reading by roll call.
