Laserfiche WebLink
Office of the City Manager <br />LCitvof <br />Louisville <br />COLORADO • SINCE 1878 <br />January 11, 2019 <br />Mayor and City Council <br />City of Louisville <br />749 Main Street <br />Louisville, CO 80027 <br />Mayor Muckle, City Council, Louisville Residents and Businesses, and City Employees: <br />I am pleased to present the 2019-2020 Biennial Operating & Capital Budget and the 2019-2024 Capital <br />Improvements Plan adopted by City Council on November 27, 2018 by passing Resolutions 54, 55, <br />and 56. The City is in good fiscal health. The thriving local economy and the City's prudent use of <br />available revenue enable the City to improve services in several critical areas and devote over $33 <br />million for the 2019-2020 biennium to capital projects. <br />Funding for City operations comes from numerous sources. The chart below shows the relative <br />percentage coming from each source. Charges for services include utility fees, recreation center fees, <br />and golf course fees. Property taxes make up only 9% of total City revenue. For 2019, staff projects <br />that the City of Louisville will receive only about 9% of the total property taxes paid within the City; the <br />rest goes to the County, School District, and other governmental entities. <br />City -Wide Sources of Funds <br />Other <br />3% <br />Charges for Services <br />38 <br />Intergovernmental <br />Licenses& Permits <br />Revenue 3% <br />5% <br />PropertyTax <br />9% <br />Other Taxes <br />13 <br />Sales Tax <br />29% <br />1 <br />