Tag: Tax Revenue
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Audit finds Caring for Denver Foundation misused taxpayer funds
An audit of a nonprofit contracted by Denver to manage a fund intended for social services found the organization misused taxpayer dollars. The Caring for Denver Foundation, under a contract by the Denver Department of Public Health and Environment (DDPHE), used taxpayer funds for meals and alcohol, awarded grants for illegitimate purposes and did not…
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Denver revenue forecast declines amid increase in spending, decrease of sales tax income
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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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Colorado auditors ding sports betting regulators
Colorado’s Office of the State Auditor issued a scathing audit Monday of how the Division of Gaming has regulated the first full year of legal sports betting in the state, alleging the division hands out far too many temporary licenses and that it could be losing tax revenue by not requiring more documentation. The 56-page report covered…
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Colorado sports betting drops in April
Coloradans ponied up $392.3 million for sports betting in April, the state Division of Gaming said Friday. While that’s down month-over-month, it’s 60% more than residents bet in April 2021, according to a news release. Colorado residents have gambled almost $7 billion since sports betting was legalized in May 2020. The $392.3 million in sports betting…