2021-2022 Biennial Operating & Capital Budget

Home Browse Search

Office of the City Manager Cityof im Louisville COLORADO - SINCE 1878 December 14, 2020 Mayor and City Council City of Louisville 749 Main Street Louisville, CO 80027 Mayor Stolzmann, City Council, Louisville Residents and Businesses, and City Employees: I am pleased to present the 2021-2022 Biennial Operating & Capital Budget and the 2021-2026 Capital Improvements Plan adopted by City Council on November 17, 2020 by passing Resolutions 91, 92, and 93. Despite the continuing global pandemic, the City is in stable financial condition. In March 2020, the City was faced with the unprecedented impacts of the global pandemic. The City remains in a local disaster emergency and has shifted a significant amount resources towards responding to the public health crisis and the severe economic impacts. The City has been forced to temporarily close facilities and to operate facilities in a limited capacity. The temporary business closures and limitation of business activities has significantly reduced many of the City's revenue sources. As a result, the City made a number of reductions to the 2020 budget, which was used as the starting point for the 2021-2022 biennial budget. There is still much uncertainty as to the pandemic's future impacts on the City's finances. Staff will continuously evaluate the situation and make financial and service level adjustments as needed. The impacts of the pandemic will likely be long-lasting and far-reaching and the majority of industries, including local government, will be significantly affected. As we begin to shift from response to recovery from the public health and economic crisis, the City will focus its resources on maintaining its core services, employees and current assets, including infrastructure, facilities, open space and parks. To focus our efforts, staff has updated the Strategic Plan to reflect the City's Priority Initiatives for the duration of the 2021-22 biennial budget. Community and organizational recovery from the pandemic is prominent among the list of priorities in the coming biennium. In addition, the Priority Initiatives 2021-2022 biennial budget reflect additional investments in sustainability, diversity, equity and inclusion, technology continuity and security, and various capital projects that will improve transportation, raw water supply, and open space trails. To achieve the City's mission of protecting, preserving and enhancing the quality of life in our community, it is critical that the City continue to invest in its existing resources while planning for the future. Strategic Plan In 2018 the City adopted its first organizational strategic plan and recently completed an update for 2021-2022 with renewed focus on diversity, equity and inclusion. The Strategic Plan is intended to convey how the City government can best serve our residents now and into the future. The Strategic Plan includes the City's mission, vision and values that guide our work as an organization. Every other year, in conjunction with the biennial budget, the Strategic Plan is updated with new Priority Initiatives that highlight some of the high priorities we will 1