Events and Meetings on This Topic

Link to the packet materials: https://cilovelandco.civicweb.net/Portal/MeetingInformation.aspx?Org=Cal&Id=17476

Each year, City Staff conducts a full-day workshop with City Council to review and discuss the City's financial health and future budgeting parameters. During this year’s session, the focus will be on reductions to service levels within the General Fund. Staff is seeking City Council's understanding of our current financial position and guidance on strategic approaches to fiscal matters moving into FY2025.

City Staff will review the methodology used to prioritize critical City services while reducing projects, programs, and services to achieve a sustainable and balanced 2025 budget. This approach incorporates City Council’s feedback provided at multiple touchpoints (e.g. Study sessions & Council retreat) throughout 2024 and will form the basis for the City Manager’s recommended 2025 General Fund budget. The proposed budget will reduce General Fund contributions to all General Fund City Departments but attempts to prioritize essential services such as public safety and transportation, and critical government functions including internal city support and governance functions. Consequently, General Fund City services and programs outside of these prioritized areas will face significant reductions, delays, and, in some cases, elimination.

As discussed previously, City Staff does not recommend the use of Fiscal Contingency Reserve Funds to offset the structural imbalance. Opportunities to replenish these funds used are limited and reserves must be preserved for unforeseen community emergencies.

City Council’s feedback at the August Budget Workshop will continue to shape the development of the FY2025 Recommended Budget.

When: Thursday, July 18, 2024 from 5:30 – 6:30 p.m.
Join Online: Register for the Zoom webinar
Attend In-person: City Council Chambers (500 E. 3rd St., Loveland, CO 80537)
Budget Topic: 2024 / 2025 Budget Education

Join us for this hybrid event to learn more about the use of sales tax, property tax and the Taxpayer Bill of Rights (TABOR) to fund city-provided services as the City of Loveland prepares for an ongoing multi-million-dollar revenue shortfall to its General Fund.

The in-person event will be held in the Council Chambers at the Civic Center Municipal Building (500 E. 3rd St.).

Watch the Budget Funds Explained event on YouTube, or register for the Zoom Webinar above, to ask questions during the event.

When: Tuesday, July 9, 2024 at 6 p.m.
Where: City Council Chambers (500 E. 3rd St., Loveland, CO 80537)
Budget Topic: 2024 / 2025 Budget Planning  

View the agenda for the July 9, 2024, City Council study session (External link).

When: Tuesday, June 11, 2024 at 6 p.m.
Where: City Council Chambers (500 E. 3rd St., Loveland, CO 80537)
Budget Topic: 2024 / 2025 Budget Planning  

View the agenda for the June 11, 2024, City Council study session.

When: Tuesday, April 30, 2024 at 7 p.m.
Where: City Council Chambers (500 E. 3rd St., Loveland, CO 80537)
Budget Topic: 2024 / 2025 Budget Planning  

View the agenda for the April 30, 2024, City Council special meeting.

When: Tuesday, Feb. 27, 2024 at 6 p.m.
Where: City Council Chambers (500 E. 3rd St., Loveland, CO 80537)

View the agenda for the Feb. 27, 2024 City Council study session meeting.