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Tag: Mike Johnston

Denver’s mayor ‘factually incorrect’ as he argued for sales tax hike, state senator says
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Approved, Denverite, Local

Denver’s mayor ‘factually incorrect’ as he argued for sales tax hike, state senator says

By Andrew Kenney | Denverite Mayor Mike Johnston recently faced a tough question about his proposal to pay for affordable housing by raising taxes, and he appeared to get a significant fact wrong when he gave the answer. The question was about Ballot Measure 2R, which would collect about $100 million a year by raising local sales taxes. Paul Karolyi, a host of the City Cast Denver podcast, asked Johnston in an interview why he wanted to increase sales taxes. Sales taxes are regressive, meaning they have a greater proportional impact on lower-income people. Karolyi asked why the measure didn’t tax property owners instead. READ THE FULL STORY AT DENVERITE
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Mayor Mike Johnston unveils 2025 budget proposal amid cuts due to declining Denver consumer spending
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Approved, CBS Colorado, Local

Mayor Mike Johnston unveils 2025 budget proposal amid cuts due to declining Denver consumer spending

By Jasmine Arenas | CBS Colorado A drop in consumer spending is affecting the city of Denver's finances. Mayor Mike Johnston unveiled his proposed 2025 budget on Thursday, and as a result of that dip in it includes substantial cuts to programs that he's passionate about.   Nicole Doheny, the chief financial officer for the City and County of Denver, says cities like Los Angeles and Chicago are also facing similar challenges. "Denver is not immune to these factors. Here in Denver what these trends mean for us is that our revenue growth for 2025 is projected at 1.1%. (It's our) lowest revenue growth since the pandemic," Doheny said. READ THE FULL STORY AT THE CBS COLORADO
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