Mayor Yemi Mobolade has presented the proposed 2026 budget for the City of Colorado Springs to the City Council. The plan, totaling $427.3 million for the General Fund, is $11 million less than the previous year, representing a 2.5% decrease. The budget remains balanced and does not require using reserve funds.
To address rising costs in areas such as contracts and health care, city departments have identified $31 million in savings through operational efficiencies and targeted reductions. The budget maintains support for essential city services, including public safety staffing, road and infrastructure improvements, and homelessness outreach and shelter programs.
Mayor Mobolade emphasized the city’s approach, stating, “As a fiscally conservative city, we are guided by discipline and focus on what matters most. The 2026 Budget is more than numbers on a page. It is a reflection of who we are, our values, priorities, and resilience as a city. It balances today’s challenges with tomorrow’s opportunities. It demonstrates clarity, courage, and collaboration.”
He also highlighted the collaborative process with City Council: “While today marks the ceremonial handoff, I am pleased to share that City Council has been engaged throughout this process. There are no surprises here, just teamwork and transparency, and a shared commitment to serve our residents well. I look forward to working with Council as they review, refine, and hear directly from residents whose lives are shaped by these budget decisions.”
Residents can review the proposed 2026 budget and the Mayor’s letter to Council at ColoradoSprings.gov/Budget.
