Tag: Tax Base

By Shaina Cole | Contributing Writer, Rocky Mountain Voice Denver’s budget has grown sharply over the past ten years, far faster than its population and its ability to bring in tax dollars. A new analysis from the Common Sense Institute shows inflation-adjusted spending per resident rose about 60 percent since 2015. During that period, revenues grew more slowly, at about 40 percent, while the city’s population increased by less than 7 percent. The mismatch is why Denver now faces a projected $250 million gap over the next two years, even as officials push a $950 million bond proposal for housing, roads, and other projects. Spending Priorities Have Shifted Where the money goes has changed dramatically. Construction and infrastructure costs have ballooned, climbing more than elev...