The approved $2.2 billion budget, a 23% increase compared to 2025, supports critical infrastructure investments across all four services. These investments are essential to maintaining reliability, meeting regulatory mandates and serving our growing community.
While the budget will increase, this does not mean your bill is going up 23%.
The additional spending, primarily for capital projects, is largely funded through bonds. Thanks to our strong credit ratings, we’re able to borrow at lower costs, which helps keep rates competitive for customers.
These bonds are supported by the previously approved 2026 base-rate increase of about 6.5%, which equals a bill increase of $14.87/month for a typical four-service residential customer. This is year two of our five-year rate case, approved by City Council in 2024, with similar increases planned through 2029.
Building the Future
This budget supports the historic investments we need to serve our community. Over our 100-year history, we’ve built and maintained about $5 billion of infrastructure. We expect to add another $4 billion in assets by 2029. Key projects over the next four years include:
Our five-year financial plan provides a roadmap for funding these investments while maintaining rates that are competitive to other Front Range communities. Currently, our average four-service residential customer pays about 6% less for utilities compared to our neighboring utility providers.
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