The city of Aspen is forecasting moderate economic growth as it sets its budget for 2016, which includes a 5.8 percent increase in operating costs.
The city is projecting $119.7 million in revenue next year from taxes and fees. The proposed budget, which city council will review in multiple meetings over the next month, would set spending at $94.1 million. Of that, $63.1 million would fund operating expenses, while $27.5 million would be dedicated to capital expenses and $5.3 million to debt service.
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