From The Colorado Springs Gazette (Monica Mendoza):
Other budget highlights include $44 million in payments and transfers to the city budget, which includes surplus payments; franchise fees from two water districts; payments to the city attorney office; and fees for permits and projects. This year, Utilities issued $130 million in bonds for the major capital projects with a 30-year payback. That puts Utilities’ total debt up to $2.4 billion compared to $4 billion in assets. It means that 16 percent of a customer’s utility bill goes strictly to paying down the debt.
The tentative budget also includes $6.6 million for stormwater-related projects, $5 million for regularly scheduled maintenance and $178 million for the Southern Delivery System project.
More infrastructure coverage here.