Rocky Mountain Voice

Tag: City budget

Grand Junction officials question costs and business revenue loss from bike lane project
The Business Times, Approved, Local

Grand Junction officials question costs and business revenue loss from bike lane project

By Brandon Leuallen | The Business Times Plans to finalize protected bike lanes on Fourth and Fifth Streets this summer could cost the City of Grand Junction additional money in curb cut work and remove more downtown parking spaces. That raises a broader conversation about the cost of implementation and the city’s downtown parking system, including the financial viability of potential changes. Curb Cuts and Parking Losses The vote to revert to two lanes with a protected bike lane may require cutting curbs at intersections where there is currently not enough space to fit both vehicle lanes and the bike lane. This cost was not included in the May 29 special meeting when the City Council reversed a prior decision to end the pilot project. Councilmember Anna Stout asked, “So ...
$6 billion wish list, $800 million budget: Denver’s bond scramble is heating up
Denverite, Local

$6 billion wish list, $800 million budget: Denver’s bond scramble is heating up

By Paolo Zialcita | Denverite Everyone wants a piece of the Vibrant Denver Bond pie. Denver has a rare opportunity to fund $800 million of capital projects in one fell swoop later this year — and everyone is clamoring for a piece of the pie.  If voters approve the measure this November the city will take out debt for a wide range of capital projects. But while $800 million may sound like a lot, it isn’t nearly enough to pay for everything city officials and residents want to build.  More than 220 projects appeared on an initial list the city is considering. Building all those projects would cost $6 billion, far more than what the city can afford. And whittling down the list hasn’t been easy.   The city’s cultural institutions — like the Boettcher Con...
Denver Mayor Johnston walks back raises, braces city for cuts amid $50M budget gap
Approved, denvergazette.com, Local

Denver Mayor Johnston walks back raises, braces city for cuts amid $50M budget gap

By Deborah Grigsby | Denver Gazette Facing a shortfall of hundreds of millions of dollars, Denver Mayor Mike Johnston is expected to announce significant cuts to the city's budget at a news conference this morning. The city is facing a $50 million gap in this year's budget, while the projected deficit is $200 million next year, according to sources, who shared information with The Denver Gazette. The city blames an economic downturn, flat revenues and "growing government costs" as reasons for the deficit, according to sources.  To deal with the shortfall, Johnston is proposing furloughs and a hiring freeze, in addition to limiting discretionary spending and reducing and restructuring contracts. The furloughs will save the city $10 million this year, according to city estimat...
Denver approves executive pay hikes while facing budget shortfall and reserve drop
Approved, Local, Rocky Mountain Voice, Top Stories

Denver approves executive pay hikes while facing budget shortfall and reserve drop

By Shaina Cole | Contributing Writer, Rocky Mountain Voice A set of salary increases for top Denver officials is drawing criticism, as the city faces continued financial strain and modest pay growth for most employees. The raises are included in the 2025 budget—totaling $1.76 billion—which the Denver City Council approved on November 12, 2024.  On May 6, the City Council’s Finance & Governance Committee approved nearly $500,000 in pay increases for 12 charter-appointed department heads. These changes are expected to add over $216,000 to general fund expenditures this year, with individual increases ranging from 4% up to an eye-catching 43%. The new salaries are scheduled to take effect on July 1. The move has sparked frustration among some observers, who point to small...