2018 Budget

Print
Press Enter to show all options, press Tab go to next option

The Town Board of Trustees approved the Town's 2018 budget and 2018 - 2022 financial plans in November, 2017. Total 2018 budgets exceed $40 million.

Because of increasing property values combined with continued cost control efforts, property tax rates controlled by the Town will remain stable or decrease including:
• Town General Fund and Library Services tax rate at 9.43 mills. The General Fund rate is down 10% since 2007.
• Superior Metropolitan District (SMD) No. 2 tax reduced from 5.200 to 5.025. This tax rate is down 37% since the District was dissolved at the end of 2003 and the Town assumed maintenance, capital project and debt service responsibilities. This tax will end after 2018.
• Superior Metropolitan District (SMD) No. 3 tax reduced from 5.10 to 5.08 mills. This tax rate is down 37% since the District was dissolved. This tax will end after 2018.
• Superior/McCaslin Interchange Metropolitan District tax reduced from 26.00 to 25.00 mills, or a 28% decrease from 2012.

2018 will be the 15th consecutive year the Town has decreased at least one of our property tax rates.

Utility fee changes include a 5% increase in sewer service/usage charges. An “average” residential customer will see their bill increase a little more than $1 per month as a result of this fee increase. This rate adjustment is necessary to offset increased operational utility costs, routine system capital maintenance, debt service and utility system capital improvements anticipated as a result of unfunded State and Federal mandates. Previously, water rates were projected to increase at 5% annually for the foreseeable future (at least through 2022). However with recent new connections/growth to the water utility system (primarily in Downtown Superior), water rates are projected to remain flat, or no increases, through 2022.

The 2018 capital program calls for the street maintenance and replacement program to continue at $1.8 million. Improvements to the interchange at McCaslin and US 36 were completed in 2016, but additional transportation and trail improvements adjacent to the interchange will continue. 2018 funds for this work are $2.6 million. 2018 water, sewer and storm drainage capital improvements are budgeted at $2.5 million.

In terms of parks and recreation amenities, there will be continued significant maintenance activities and improvements at our pools, parks, ball fields and tennis courts. Tree, plant and shrub enhancements will continue throughout the community. The Superior Morgul Classic bicycle event, 4th of July festivities, Chili Fest and over a dozen other community events are planned to continue.

The 2018 budget is available below. Please contact Town Hall at 303-499-3675 with any questions.

2018 Budget
2018 Budget - Low Resolution
Budget Message and Introduction
Budget Overview
Revenue and Expense Summary
General Fund
Special Revenue
Superior Metro District #1
Superior Urban Renewal
Superior McCaslin Interchange
Debt Service
Capital Improvement
Glossary