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OCN > 2410 > Monument Town Council, Sept. 3 and 16 – Council discusses budget deficits, strategic spending, future priorities

Monument Town Council, Sept. 3 and 16 – Council discusses budget deficits, strategic spending, future priorities

By Chris Jeub

The Monument Town Council met on Sept. 3 and 16 where various financial concerns were brought to light, including shortfalls in the General Fund, Police Fund, and Water Fund. The council worked to identify potential areas for spending adjustments while also tackling issues related to project prioritization, police retention, and councilmember compensation.

2025 budget review

On Sept. 3, Senior Accountant Steve Murray presented the budget outlook, which raised concerns due to projected deficits in some of the town’s primary funds. The General Fund was forecasted to run a deficit of $2.663 million, with revenues projected at $11.672 million and expenditures totaling $14.335 million. Despite this, the fund would maintain a balance of $424,355 in unreserved funds by the end of 2025. The 2F Police Fund was also projected to face a shortfall of $65,358, though it would retain a healthy reserve of $667,741 due to a strong beginning balance. Meanwhile, the Water Fund faced a larger deficit of $4.639 million, leaving only $146,335 in unreserved funds. The 2A Water Fund, however, was in a stronger position, with a deficit of $407,801 but set to end the year with a much larger reserve of $7.04 million.

The conversation focused on finding ways to tighten spending and potentially defer certain projects. Mayor Mitch LaKind highlighted the discrepancy between revenue and expenditure, noting that “there’s quite a bit in the hole … more expenditure than revenue.” Town Manager Madeline VanDenHoek advised the council to provide guidance on which projects could be deferred until 2026, considering the town’s reserves of only 2.6%. VanDenHoek also proposed delaying some parks development to 2026, pending council input. Mayor Pro Tem Steve King questioned the $200,000 cost for implementing new tax collection software, which VanDenHoek clarified would help the town better audit businesses and track collections.

In the follow-up meeting on Sept. 16, Murray provided an updated presentation after identifying additional reserves. The General Fund shortfall was revised to $2.099 million, with a beginning balance of $5.541 million and an unreserved fund balance of $1.156 million (8.43%) by the end of 2025. Adjustments included an additional $150,000 coming from the Police Department’s unreserved balance. The Capital Projects Fund faced a deeper deficit, with an unreserved balance of $4.235 million, largely due to a $9 million allocation for the Jackson Creek Parkway development. Adjustments in the Water Fund improved its outlook, leaving it with $2.614 million in unreserved funds at the year’s end.

During this meeting, the council focused on prioritizing projects, particularly around Jackson Creek Parkway. Councilmember Ken Kimple raised concerns about the implications of not funding supplemental projects, asking for clarity on their order of importance. Police Chief Patrick Regan emphasized the need to retain police officers, particularly in light of the rising cost of living. Kimple also stressed the importance of maintaining fiscal balance amid growing demands, while LaKind called for the council to make some tough decisions moving forward.

Compensation for councilmembers sparks debate

An ongoing topic of discussion throughout recent months resurfaced at the Sept. 16 meeting, with Councilmember Laura Kronick leading the charge on whether councilmembers should receive compensation for their time and effort. Kronick has been advocating for a $500 per month stipend, arguing that it would encourage more community members from diverse backgrounds to engage in public service. She emphasized that serving on the council requires significant time and effort and that compensation would make this role more accessible to those who might not otherwise be able to afford the time commitment. Councilmembers Jim Romanello and Marco Fiorito expressed their agreement, with Romanello thanking Kronick for bringing the issue forward.

However, Kimple strongly opposed the idea, insisting that the town’s limited resources should be directed toward staff and police force needs rather than council compensation, particularly during budget shortfalls. He suggested that if compensation were to be considered, it should be presented to voters as a ballot measure, arguing that the proposal appeared self-serving. Kronick disagreed, countering that putting every small decision to the voters would undermine the council’s effectiveness. King expressed mixed feelings, acknowledging that while compensation could open the door to broader participation, it might also present negative optics given the town’s current financial challenges. Despite the debate, the council ultimately left the issue unresolved.

Sales tax self-collection system update

During the Sept. 16 meeting, Sophia Hassman, sales tax consultant and owner of CoSALT Consulting Ltd., provided an update on the Sales Tax Self-Collection System implementation. Hassman reported that $37,000 had already been collected during the software implementation phase. The go-live date, originally set for Oct. 1, 2024, was pushed to Jan. 1, 2025, to better align with state records and compliance requirements. The system will allow businesses more time to adjust to the new processes, with the first tax returns due in February 2025. Future phases of the project include initiating audits, ensuring compliance, and addressing short-term rental (STR) tax compliance.

Final approval granted for Ziggi’s Coffee drive-through

Also at the Sept. 16 meeting, the council approved Ordinance No. 18-2024, granting final approval for a new Ziggi’s Coffee at 16529 Cinematic View in Monument Marketplace North. Planning Director Dan Ungerleider presented the ordinance, while concerns were raised about traffic and water drainage related to the development. LaKind acknowledged that traffic issues in the area had become problematic, a concern shared by Kronick and Kimple, who noted that traffic had significantly increased since the 2022 traffic study. The council voted 7-0 in favor of the ordinance, with Kimple urging caution to ensure that traffic does not become a “debacle.”

Looking ahead to the Nov. election

Town Clerk Tina Erickson conducted a lot drawing to determine the order of candidate names on the upcoming ballot. For the At-Large position, Romanello will appear first, followed by Chad Smith. In Residential District 2, Kimple will appear first, followed by Fiorito. Residential District 1 remains uncontested, represented by Kronick.

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The Monument Council usually meets at 6:30 p.m. on the first and third Mondays of each month at Monument Town Hall, 645 Beacon Lite Road. The next two regular meetings are scheduled for Monday, Oct. 7 and Monday, Oct. 21. Call 719-884-8014 or see www.townofmonument.org for information. To see upcoming agendas and complete board packets or to download audio recordings of past meetings, see http://monumenttownco.minutesondemand.com and click on Town Council.

Chris Jeub can be reached at chrisjeub@ocn.me.

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