City Council today approved the 2026 City Budget, advancing a balanced financial plan that sustains core municipal services, strengthens public safety, and maintains long-term fiscal stability during a period of economic uncertainty.
The $427.3 million General Fund budget represents an $11 million, or 2.5% decrease from 2025, and remains balanced without drawing from reserves. To offset rising costs in contracts, health care, and other obligations, City departments identified $31 million in savings through operational efficiencies and targeted reductions.
“I’m grateful to City Council for their diligent work in adopting the 2026 budget,” said Mayor Yemi Mobolade. “This budget embodies the priorities of our residents: stronger emergency response, safer neighborhoods, and improved roads. Even in midst of economic headwinds, we are making strategic investments in the core services that strengthen our community. Together, we are advancing toward a safer, more economically prosperous, resilient, and vibrant Colorado Springs.”
The approved budget invests in the City’s top priorities - public safety, infrastructure, and essential community services - while preserving sworn staffing levels, continuing road and drainage improvements, supporting homelessness response efforts, and maintaining day-to-day services residents rely on across the city.
The approved budget also directs a projected $3.9 million from the 2025 and 2026 recreational marijuana sales revenue to support public safety in our community, and an additional $200,000 dedicated to expanding mental and behavioral health services, with a focus on supporting veterans experiencing homelessness.
The approved 2026 Budget and related materials are available at ColoradoSprings.gov/Budget.