Tag: Department Of Finance
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Denver revenue forecast declines amid increase in spending, decrease of sales tax income
Facebook Twitter WhatsApp SMS Email Print Copy article link Save 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…
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Denver mayor touts responses to homelessness, immigration in first State of City speech
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Denver has accomplished much after one year under Mayor Mike Johnston, he said in his State of the City speech Monday, but he added there is still much to do if the city is to become a “vibrant” hometown and “capital of the New West.” …
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Ever wonder how Denver officials pay for spending priorities? Here’s where the money comes from
Facebook Twitter WhatsApp SMS Email Print Copy article link Save While sales and use taxes, along with property taxes, account for a majority of Denver’s general fund revenue, the city collects other sources of funds from residents and visitors that make up the pool of money that pays for government operations. These sources don’t yet…
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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…
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Denver shelter could be converted to affordable housing
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Denver wants to turn the downtown Crossroads Shelter into affordable housing and build a new shelter nearby. The city’s departments of Finance and Housing Stability on Wednesday put out a joint Request for Expressions of Interest in the project. Denver owns and operates the shelter,…