City of Loveland hosts annual Budget Workshop with Council Aug. 24

On Monday, Aug. 24, the City of Loveland's Finance team will hold its annual Budget Workshop with City Council, marking the first public discussion of the proposed 2027 City budget. The meeting is a study session, and the public is welcome to attend.

Budget Workshop
📆 Monday, Aug. 24, 9 a.m.
📍 City of Loveland Police and Courts Building, 810 E. 10th St.

Following months of planning and review, the annual budget is typically adopted in October of the year before the budget takes effect. The proposed 2027 budget emphasizes maintaining current service levels and addressing the most urgent needs with the funding available for next year.

Here are some key highlights ahead of the workshop:

Strategic Budgeting: As part of the 2027 budget process, City leaders reviewed each department’s budget in detail to ensure available funding is directed to the highest priority services and needs.
Revenue Generation: The proposed budget assumes moderate growth in the City’s revenue sources. The City will continue to closely monitor the economy and update its 2027 forecast of $135.6 million in revenue from sales tax, property tax, and other sources as conditions change.
General Fund Increase: Proposed General Fund expenditures total approximately $141.1 million, a 5% increase over the 2026 adopted budget. The increase includes employee pay adjustments and targeted investments in public safety, staffing, legal services, technology and cybersecurity.
Capital Improvement Projects (CIP): The proposed General Fund budget includes approximately $2.6 million for capital projects. This includes $2 million for major building maintenance, as well as playground maintenance, technology equipment, and public safety equipment. The amount remains well below the City’s repair and infrastructure needs.
Limited Room for Unexpected Costs: After required reserves are set aside and expenses are subtracted from total revenues and a beginning fund balance, the proposed budget has less than $1 million in unassigned General Fund balance at the end of 2027. This leaves the City with limited flexibility to respond to unexpected expenses or new needs.
No Additional Service Cuts: The proposed budget maintains current operating service levels.

Loveland remains a vibrant and valued community. Year after year, our community survey confirms how much residents appreciate City-funded services. City leadership is committed to maintaining Loveland as a great place to work and live—and to securing a financially strong future for all.

The Budget Workshop City Council agenda and packet are posted on CivicWeb.