~ Colorado Springs Mayor Yemi Mobolade presented the city's proposed 2026 budget to the City Council today, highlighting a balanced and responsible plan that prioritizes fiscal stewardship, essential services, and long-term stability.

The General Fund budget for 2026 is set at $427.3 million, representing a decrease of $11 million from the previous year. Despite this decrease, the budget remains balanced without drawing from reserves. To address rising costs in contracts, healthcare, and other obligations, city departments have identified $31 million in savings through operational efficiencies and targeted reductions.

In a statement, Mayor Yemi emphasized the city's commitment to fiscal conservatism and its focus on what matters most. He stated that the 2026 budget is more than just numbers on a page; it reflects the values, priorities, and resilience of Colorado Springs as a city. The budget aims to balance current challenges with future opportunities and demonstrates clarity, courage, and collaboration.

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The proposed budget maintains a strong focus on essential services while also investing in safety, infrastructure improvements, and housing solutions to enhance the quality of life for all residents. This includes maintaining staffing levels for public safety personnel, continuing road and infrastructure projects, and providing support for homelessness outreach and shelter programs.

Mayor Yemi also noted that City Council has been actively involved in the budget process. He expressed his satisfaction with their teamwork and transparency throughout the process and their shared commitment to serving residents well. He looks forward to working with them as they review and refine the budget while also hearing directly from residents whose lives will be impacted by these decisions.

Residents can access the proposed 2026 Budget and Mayor Yemi's letter to City Council regarding the budget at ColoradoSprings.gov/Budget.

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