2019-2020 Biennial Operating & Capital Budget

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General Information Size & Location The City of Louisville is a municipality with approximately 21,000 residents residing in nearly 8 square miles. The City was founded in 1878 and incorporated in 1882. In 2009 and 2011, the city was voted number one in Money Magazine's list of America's Best Small Towns (CNNMoney, 2011). Louisville lies in the southeastern corner of Boulder County just six miles east of the City of Boulder and twenty five miles northwest of downtown Denver. Climate Mean Temperatures: January — 29.5 degrees F, July - 72.0 degrees F, October - 52.6 degrees F. Days of Sunshine: 275/year Inches of Rain: 15.5/year Growing Season: 148 days. Even though the City of Louisville is centrally located in the state at an elevation of 5338 feet, the City never experiences the extremes found in the mountains and plains of Colorado. The City has about 275 days of sunshine a year and when heavy snowfalls occur, they are usually followed by sunny, dry days. Because of Louisville's proximity to Colorado's world renowned ski slopes, City residents can choose to enjoy mild days throughout the year playing golf or tennis, enjoying an afternoon in the park, walking the many miles of trails throughout the city or taking a quick trip to the mountains for a little fun in the snow. Population and Household Growth The City of Louisville is located in the eastern portion of Boulder County. The 2010 census reported an increase of 503 housing units in the City over the past decade. Historically, Louisville has grown at a faster rate than Boulder County and the Denver Metropolitan Area, but not as fast as the surrounding communities of Broomfield, Lafayette, and Superior. The 2010 Census also recorded a slight decline in Louisville's population over the past decade along with the City's average household size, while average household size in Boulder County and the Denver Metro Area increased. This is a reflection of Louisville's increasing average -age population. Median housing prices have remained steady, however, with a 24% increase over the past decade. Age Distribution The 2010 Census reports the City of Louisville's median age as 40.9 years with 33.8% in the "baby boomer" 46 to 64 age group. This age category adds to the stability of the City and its housing market. Education Louisville boasts 98.4% of the city's population as high school graduates and 68.8% holding a Bachelor's degree or higher. Generally, the higher educational levels reflect the area's high- tech business environment, as well as the influence of the state's largest university, the University of Colorado. Per Capita Income Corresponding to education level and employment, per capita income is approximately $64,000 in the City of Louisville. Employment and Commuting The U.S. Census data for 2010 identified 10,904 jobs in Louisville. Generally, 27% are Industrial jobs, 54% are Office jobs, 16% are commercial or retail jobs, and 3% are public sector or institutional jobs. There is a relative balance between the number of residents who are employed and the number of employees working in the City: Resources from: City of Louisville Staff, 26