Castle Rock approves $229.8 million 2021 budget

Town will take up projects deferred in 2020, town manager says

Jessica Gibbs
jgibbs@coloradocommunitymedia.com
Posted 9/21/20

Castle Rock has approved a $229.8 million 2021 budget, with plans to pick up projects that were deferred in 2020 because of the COVID-19 pandemic, while staff say they are taking a cautious approach …

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Castle Rock approves $229.8 million 2021 budget

Town will take up projects deferred in 2020, town manager says

Posted

Castle Rock has approved a $229.8 million 2021 budget, with plans to pick up projects that were deferred in 2020 because of the COVID-19 pandemic, while staff say they are taking a cautious approach to estimating how much sales tax growth can be expected next year amid the ongoing crisis.

The town council unanimously approved the budget on Sept. 15. Conversation was brief ahead of the final vote — the town first presented the budget in August, holding a lengthier conversation then, and reviewed the proposed budget again ahead of its first budget vote on Sept. 1.

Councilmember Caryn Johnson asked Sept. 15 if the town would be working on projects at the community center and parking lot pavement maintenance in 2021, work that had been slated for 2020 but was pushed back as the town sought to cut spending during the pandemic.

Town Manager David Corliss confirmed the town plans to take the projects up next year.

The budget includes $56.7 million for transportation and $54 million for water rights and infrastructure projects.

Corliss said they are estimating sales tax growth at 3%, which he called a conservative estimate. Sales tax growth could be greater and the town could generate more revenue than expected, he said, explaining that it would likely be spent on one-time expenses if that were the case.

Salex tax accounts for roughly 65% of the town's general fund and is the largest source of revenue for Castle Rock.

“We don't really know what the future holds in regards to sales tax,” Corliss said, adding he thinks the 3% projection “seems about right.”

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