Clock ticking as Johnston’s ‘Vibrant Denver’ bond advances to council floor

Denver Mayor Mike Johnston’s proposed $935 million general obligation bond initiative cleared a hurdle hurdles on Tuesday as members of the Finance and Business committee voted to move the measure forward to the full council body for consideration. (Credit: Davel5957/iStock) Photo Credit: Davel5957 (iStock).
Davel5957/iStock
Denver Mayor Mike Johnston’s proposed $935 million general obligation bond initiative cleared one of its most challenging hurdles on Tuesday as members of the Finance and Business committee voted to move the measure forward to the full council body for consideration.
Committee members approved five resolutions and a companion ordinance that, if endorsed by the City Council, would add the initiative to the ballot this fall.
City officials said the bond is a “much-needed” investment in the city’s future, aimed at repairing and improving infrastructure and community spaces, including roads, bridges, parks, playgrounds, recreation centers, and libraries — all without raising taxes.
However, the clock is ticking, as some committee members continued to lobby for further discussion on bond projects in their respective districts.
For the bond initiative to appear on the Nov. 4 ballot, its language and legislative details must be approved by City Council by August 25, unless the city enacts a waiver.
City Council President Amanda Sandoval, who has the authority to grant a waiver, stated she is hesitant to use it at this time.
“I would feel more comfortable if we actually got this on for Aug. 4,” Sandoval said, adding that if any of the language is challenged, there’s little room for the measure to come back for changes.
Any amendments must be made on the floor when the entire council body is present.
Last week, the city released an updated project list for the bond package, along with its $935 million price tag, $135 million more than originally expected.
More than 1,100 project ideas, valued at $6 billion, were generated by the public for bond committee members to consider.
Johnston has faced criticism from both residents and council members over not only the projects selected, but also the overall process, at one time several calling it “rushed.”
The new version now includes additional input from members of the Denver City Council, according to Johnston’s office, which stated in a news release that further discussions will continue in the coming weeks.
Rather than a traditional 10-year cycle, this bond program would be on a six-year accelerated bond cycle.
Denver voters can authorize general obligation bonds every four-to-10 years, which are repaid through property taxes. Denver’s current bond programs are nearly complete, creating “capacity” for new projects, officials said.