As one of the largest cities in the metro area, Centennial is responsible for maintaining significant infrastructure assets to serve our residents and businesses. At the same time, the City operates with one of the lowest sales tax rates in the region, with roughly 60% of the general fund supported by sales tax revenue.
We take pride in being careful stewards of taxpayer dollars, but this balance—maintaining extensive infrastructure with comparatively limited revenue—continues to put increasing pressure on the City’s budget as costs rise and demand grows.
About 77% of Centennial’s General Fund revenue, which supports essential City services and maintenance, comes from sales tax and property tax. Of the total property taxes paid by Centennial property owners, the City receives only about 5%, with the remaining revenue distributed to school districts and other taxing entities.
The City’s sales tax rate has remained unchanged at 2.5% since 2003.
Ongoing economic pressures and changes in consumer spending have contributed to slower growth in sales tax collections. That, coupled with sharp increases in maintenance and operational costs, is putting significant pressure on the City's budget.
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The City inherited an aging transportation network when it was incorporated 25 years ago, which means infrastructure like roads, bridges, signal lights, and other infrastructure has reached or is now approaching the end of its useful life and requires costly repair, upgrades and in some cases full replacement.
Learn MoreCentennial needs a sustainable, long-term solution for its Street Fund. No decisions have been made. Your input matters.
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The City of Centennial is responsible for maintaining:
