2026-2027 Budget Information

The City’s budget process ensures that Loveland can provide exceptional service levels and allows for investment in infrastructure that will benefit our community for years to come. We take pride in effectively managing public funds, ensuring that every dollar is spent wisely and in the best interest of the community.

How the City Gets Its Revenue

The City receives funds from sources such as sales and use taxes, licenses and permits, charges for services, interest income and more.

The General Fund supports services provided by the police, fire rescue, public works, library, parks and recreation, cultural services and more. Sales tax is the largest source of General Fund revenue.
The City’s Enterprise Funds support services like water, wastewater, stormwater, power, solid waste and golf. Enterprise Funds are dedicated funds supported through user fees. Just like a business, user fees fund the operation, maintenance and capital projects necessary to provide the service. Only people who pay for these services receive the benefit of these services.
Special Revenue Funds are dedicated funds established by federal or state law, or by municipal ordinance or resolution. Each has its own specific revenue source, such as the countywide Open Lands Sales Tax, which can only be used to support that specific service.

Of these three major fund types, both Enterprise and Special Revenue Funds are dedicated funds, which means they cannot be legally used for anything other than their dedicated purpose.

Changes in The City's General Fund Budget

Since 2016, the increases in costs to maintain infrastructure and provide services to the community have outpaced available revenue. In 2024, the City also lost an ongoing multi-million-dollar revenue stream to fund General Fund departments, including public safety (police and fire), transportation, community spaces (parks, library, museum, Rialto Theater, the Chilson Recreation and Senior Center and Winona Pool), infrastructure projects, general government services, and support services for nonprofits, small businesses, and residents in need.

Stay in the Know

Stay tuned to this webpage to learn more about the City’s 2025-2026 budget, ask questions and find helpful resources as the City prepares its 2026 Budget.