Tag: Public Sector Cuts

By: Raquel Villanueva | FOX31 Denver DENVER (KDVR) —The city of Denver completed its layoff process for 171 workers on Tuesday, after the city already cut 665 unfilled positions on Monday. The city says the efforts will save $100 million. But what do the layoffs mean for Denver’s economic future? A local economist gave FOX31 some insight. The city’s personnel cuts could certainly help its economic outlook, but an expert says this could just be the beginning of tough times. “If this trend continues, then it is not a very good situation. I think we will have a pretty severe impact of recession maybe by the end of this year or maybe even next year,” said Kishore Kulkarni, a distinguished professor of economics at MSU Denver. With Denver’s budget $200 million short for next...