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  • Step 1: Denver’s Budget
  • Step 2: Fix the Gap
  • Step 3: Your Ideas
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Home | Step 1: Denver’s Budget

Denver’s Budget Gap

Denver’s budget is a financial blueprint that maps out the many services the City provides and how these services are funded. Services include police and fire protection, snow removal, street maintenance, recreation programs, and parks and libraries. Because of the economic downturn and a structural imbalance between expense growth and revenue growth, the City has closed $450 million in budget shortfalls over the past four years. The 2013 gap is expected to be $94 million. Money Bags Pie Chart Description Structural Gap: Growth in expenses is outpacing growth in revenue, caused in large part by unstable sales-tax revenues and TABOR limits on property tax growth. Annual Gap: This is the yearly difference between actual revenues and expenses. The city uses temporary one-time measures to close the shortfall, such as employee furloughs, reduced library hours and dipping into savings. Human Services Gap: Cuts from the State and Federal governments have reduced funding for child care and workforce training for low-income families.

 

Step 2 - Fix the Budget Gap

Denver | Office of the Mayor | 1437 N Bannock St Rm 350, Denver, CO | www.denvergov.org

 

Image Credits: iceman9294, Linc4Justice

 

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