The City of Colorado Springs has released its 2024 Popular Annual Financial Report (PAFR), which aims to provide the community with a clear and transparent summary of the city’s financial health.
“Our goal is to be strong stewards of the City’s financial resources and to deliver effective and efficient services that meet the needs of our residents,” said the City’s Chief Financial Officer Charae McDaniel. “I hope this report helps residents better understand and engage with the City’s financial decisions and long-term planning.”
The report breaks down key revenue sources, including sales and use tax, which the city says these accounted for nearly 60% of General Fund revenues. It also highlights how funds, including for the Public Safety Sales Tax, were allocated to support police and fire operations…