Tag: department of finance
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Denver revenue forecast declines amid increase in spending, decrease of sales tax income
The Denver Department of Finance informed a City Council committee the city will have even less money available for the 2025 general fund after revising revenues from this year. The change is partly driven by slumping or stagnant sales tax revenues, which provide more than 50% of the general fund’s revenue. Originally, the city was…
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Denver imposes hiring freeze, diverts funds to come up with $90 million for illegal immigration crisis
Denver taxpayers are on the hook for $90 million this fiscal year to pay for the city’s response to the illegal immigration crisis that has been spilling over into America’s interior cities from the southern border. That’s the latest estimate from Denver Mayor Mike Johnston’s administration, which earlier said the city was poised to spend…