Inflation leads to Boulder 2024 budget bump up to $530.7 million

By Boulder Reporting Lab

Councilmembers on Thursday approved a $46.4 million adjustment to the 2024 budget, using unspent money from the prior year, new grant money and additional revenue. Much of the money will be spent on existing programs and infrastructure projects, some of which have increased in cost due to inflation, according to city officials.

The budget includes renovations for city facilities, a long-awaited respite care program for homeless people transitioning out of the hospital, two electric fire trucks, seven electric buses for the HOP route, cost escalations for an underpass and multi-modal changes at 19th Street and additional money for the North Boulder Library, which is slated to open as soon as this month.

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