The NoCo Herald

Larimer and Weld counties, Colorado

Clear, 54° in Loveland at 7:20 AM. Forecast high 73, low 51.

Loveland

General Fund primary taxes $640,263 above budget

·Loveland·Larimer County

From the Loveland City Council meeting of

General Fund primary tax revenue through August was $640,263, or 1.0%, above budget and $500,041 above last year, according to the packet. The presentation said sales tax, the fund’s largest revenue source, was slightly ahead of expectations, while property-tax collections were slightly above the 2026 forecast. Stronger collections in those categories offset shortfalls in Building Materials Use Tax and Auto Use Tax. Building Materials Use Tax was $1.2M, or 35.8%, below budget and $2.3M, or 51.3%, below last year through August. The city expects it to remain lower throughout 2026, citing unusually large permits in 2025. Auto Use Tax was $207,609, or 6.5%, below budget and $180,455, or 5.7%, below last year. Staff is monitoring sales tax and will communicate if forecast revisions are warranted.

Adopted with the consent agenda (carried, 8-0).

More from this meeting

  1. Loveland City Council, Oct. 20, 2026

    Loveland churches consider winter shelter; no sign-ups yet, chair says; Loveland sends all 22 charter review applicants to public interviews, 8-0; Loveland advances $935,499 for airport runway widening, 8-0; 6 consent items adopted, 8-0.

  2. Item 7.1Loveland churches consider winter shelter; no sign-ups yet, chair says

    The proposed rotation would put churches on dangerous-weather nights, with Serve 68 coordinating supplies. Existing emergency-response funds could cover costs without a new appropriation, but may also be needed for future encampment cleanups.

  3. Item 7.2Loveland sends all 22 charter review applicants to public interviews

    The council has not set an interview date; staff will return with options after reviewing the process. Once appointed, the committee will have nine members and two alternates and draft charter changes for council consideration.

  4. Item 7.3Loveland advances $935,499 for airport runway widening

    The increase draws on federal grant revenue and the Airport Fund’s unassigned balance, with no General Fund money. Work also includes lighting, signage, drainage and taxiway improvements, with substantial completion expected in early November.

  5. Item 7.4Loveland adopts 2027 rates; staff estimates $7.30 average monthly residential power bill increase

    The schedule replaces prior city, Stormwater Enterprise and Utilities Department rates for bills mailed Jan. 1 or later. The General Fund property-tax rate remains 9.564 mills.