Agenda Memo

City of Boulder City Council Agenda Item Meeting Date: October 23, 2025

Agenda Title Consideration of the following pertaining to the 2026 budget of the City of Boulder Forest Glen Transit Pass General Improvement District Fund: Consideration of motion to adjourn as the Boulder City Council and convene as the City of Boulder Forest Glen Transit Pass General Improvement District Board of Directors; and 1. Consideration of a motion to adopt Resolution 82 concerning the City of Boulder Forest Glen Transit Pass General Improvement District adopting a budget for the fiscal year beginning January 1, 2026; and setting forth related details; and 2. Consideration of a motion to adopt Resolution 83, establishing the 2025 City of Boulder Forest Glen Transit Pass General Improvement District Property Tax Mill Levy for payment of expenditures, in part, of the district during the fiscal year 2026, beginning January 1, 2026; and setting forth related details; and 3. Consideration of a motion to adopt Resolution 84, appropriating money to defray the expenses and liabilities of the City of boulder Forest Glen Transit Pass General Improvement District for the 2026 fiscal year beginning January 1, 2026; and setting forth related details; and Consideration of a motion to adjourn from the City of Boulder Forest Glen Transit Pass General Improvement District Board of Directors and convene as the Boulder City Council

Staff Contact •

Charlotte Huskey, Budget Officer, Finance Department

Draft Motion Language Staff requests council consideration of this matter and action in the form of the following motion: Consideration of a motion to adjourn as the Boulder City Council and convene as the Forest Glen Transit Pass General Improvement District Board of Directors; and 1. Motion to adopt Resolution 82 concerning the City of Boulder Forest Glen Transit Pass General Improvement District adopting a budget for the fiscal year beginning January 1, 2026; and setting forth related details; and 2. Motion to adopt Resolution 83, establishing the 2025 City of Boulder Forest Glen Transit Pass General Improvement District Property Tax Mill Levy for payment of expenditures, in part, of the district during the fiscal year 2026, beginning January 1, 2026; and setting forth related details; and 3. Motion to adopt Resolution 84, appropriating money to defray the expenses and liabilities of the City of boulder Forest Glen Transit Pass General Improvement District for the 2026 fiscal year beginning January 1, 2026; and setting forth related details; and Motion to adjourn from the City of Boulder Forest Glen Transit Pass General Improvement District Board of Directors and convene as the Boulder City Council.

Executive Summary The purpose of this item is to adopt and appropriate the 2026 budget for the Forest Glen Transit Pass General Improvement District Fund as well as set the 2025 Forest Glen Transit Pass General Improvement District property tax mill levy. These resolutions (Attachments A-C) adopt the 2026 budget, establish the 2025 property tax mill levy and appropriate funding presented to council in the City Manager’s 2026 Recommended Budget for the Forest Glen Transit Pass General Improvement District Fund. The City Manager’s 2026 Recommended Budget for the Forest Glen Transit Pass General Improvement District Fund was proposed at $20,088. The goal of this fund is to provide enough revenue to offset the Eco Pass cost and as such, a mill levy credit is recommended in order to generate only the property tax revenues necessary to fund the 2026 budget. To comply with Article X, Section 20 of the Colorado Constitution, commonly known as TABOR, a mill levy credit of 1.039 mills is necessary. Staff is recommending the following mill levy:

Base Mill Levy 2.310 Less: Mill Levy Credit (1.039) Net Mill Levy 1.271

Council Action Options Option

Outcome

Approve motion language as drafted

If the motion is approved the Forest Glen Transit Pass General Improvement District will have an appropriated and adopted budget for the 2026 fiscal year.

Define and adopt a modified motion

Council would need to define any modifications or amendments to the draft motion language and have the motion language perfected before a vote to adopt this item. This will require staff to bring back an amended version.

Deny the motion or take no action

If council does not adopt the resolutions the district's budget and spending authority will expire, and essential government functions will be jeopardized.

Refer back to staff

If council refers this item back to staff, council will need to define modifications or amendments so that staff is prepared to present modified and amended district budget resolutions at a second reading.

Alignment with City Plans and City Council History Sustainability, Equity and Resilience (SER) Framework and Citywide Strategic Plan Alignment SER Framework Goal Area The city develops the annual budget through the lens of the overarching SER Framework, which serves as the foundation to budget decision-making and resource allocation.

Citywide Strategic Plan The annual budget development process represents a key pillar of the annual workplan for the city’s Budget Office, which focuses on forecasting, budgetary and fiscal planning with departments and in support of the organization, and alignment of the city’s resources to the city’s SER Framework and continued work in outcome-based budgeting. Staff Notes N/A - this is a standard budget item.

Alignment with Additional City Plans N/A - this is a standard budget item.

City Council History In November 2000, residents of the city’s Forest Glen neighborhood voted to form a General Improvement District (GID) to provide Regional Transit District (RTD) transit passes for all neighborhood residents. To comply with terms of the GID’s creation in 2000, the Forest Glen GID Eco Pass Program was subject to a public audit and review in 2006. One of the final recommendations of the audit and review was to continue the GID’s Eco Pass program. Subsequent informal reviews with the Forest Glen Transit Pass district participants occur annually in the Fall each year. Any resident living in the Forest Glen neighborhood is eligible to receive an RTD Eco Pass, regardless of whether they rent or own a home. Funding for the passes is generated from property tax revenues collected from property owners in the GID as required by B.R.C. 8-14-13.

Analysis Equity Analysis The city develops the annual budget using the SER Framework, which leads with decision-making as aligned to the goal areas and objectives underneath the sustainability, equity, and resilience umbrella. While these three pillars represent the overarching goals for the city, equity considerations are embedded throughout the annual budget development process, including the city’s efforts to shift from a traditional increment-based budgeting approach to outcome-based budgeting, focusing more on the outcomes of our investments and how those align to the greater SER Framework.

Fiscal Note The 2026 Recommended Budget presented for City Council consideration proposes a total budget of $521.0 million, including a $407.7 million Operating Budget and $113.3 million Capital Budget. Within the 2026 Recommended Budget online budget book, the Budget in Brief and Budget Highlights provide a comprehensive summary of the significant fiscal changes included within the budget, including fiscal spending plans across all funds, departments, and programs areas in the city’s budget. The attached resolutions represent the spending level appropriation and property tax mill levy proposed to City Council as part of the Forest Glen Transit Pass General Improvement District Fund 2026 Budget.

Climate, Resilience, and Sustainability Considerations The city develops the annual budget through the lens of the overarching SER Framework, which serves as the foundation to budget decision making and resource allocation. The 2026 Recommended Budget continues to align and uplift investments supporting resilience and sustainability, including in areas such as wildfire resilience, flood mitigation, and city facility renovations and infrastructure projects that will result in reduced building energy consumption and built with sustainably sourced materials.

Community Engagement N/A - this is a standard budget item.

Workplan Considerations Adoption of these motions are incorporated into the work of the Finance Department’s annual budget process and would not require additional workplan considerations at this time.

Next Steps for City Council N/A - this is a standard budget item.

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Attachments Attachment A - Resolution 82 Attachment B - Resolution 83 Attachment C - Resolution 84