COLORADO SPRINGS, Colo. (KOAA) — Colorado Springs City Council will get its first look at the proposed 2026 budget Monday morning.

The city is expecting a $31 million shortfall for the 2026 budget year as revenues fall flat in 2025 and expenses for the city are increasing.

“What the city is experiencing is what many American families are experiencing,” Colorado Springs Mayor Yemi Mobolade said, “because people are not spending [money], because there's a lot of uncertainty, therefore, the city does not have the revenues that we typically have.”

Other cities across Colorado are facing budget shortfalls including Denver and Aurora.

“The cost of materials, whether it’s asphalt, you name it, everything is more expensive,” Mobolade said.

The mayor added while costs are going up, there ar

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