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 on track to spend $155 million on homelessness response — $65 million more than disclosed
Frustrated City Council members finally got a financial update from the mayor’s office, and some were shocked
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Denver council advises mayor to focus on permanent housing, substance treatment
Outlining its budget priorities for next year, the Denver City Council on Thursday told Mayor Mike Johnston that providing temporary shelter to homeless people — the administration’s primary strategy — is insufficient. In a letter to Johnston, the council commended what it described as “laudable strides” under the mayor in getting thousands off the streets. “Yet,” the…
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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’s minimum wage increases Jan. 1, city auditor advises awareness
Denver’s minimum wage will increase from $15.87 per hour to $17.29 per hour starting Jan. 1. The city’s minimum wage is adjusted annually based on calculations made at the Department of Finance. The $1.42 increase translates to a raise of almost 9% according to City Auditor Timothy O’Brien, and is a response to rising prices…
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Denver to spend $3.2 million on terrorism security
The Denver City Council has 25 resolutions on its agenda ahead of today’s weekly 3:30 p.m. meeting. There are 11 bills being introduced from various committees and 10 that are on final consideration. There are two courtesy public hearings. Here’s a list of the major happenings during council today: Contracts and Resolutions: 22-1591: Approves a…






