DENVER (KDVR) — Denver Mayor Mike Johnston announced major budget shortfalls for the city over the next two years, and said city employees will experience furloughs amid the cuts.
Speaking at a press conference on Thursday morning, Johnston said the city is facing "structural financial challenges," like economic downturn, revenue flattening and increased government spending seen across the country. Johnston said in 2025, the city will have a $50 million revenue gap and a $200 million deficit to manage.
In 2025, the city has seen just a 0.3% revenue increase, short of the projected 3.6% estimate and even further short than the previous 5% average growth before 2024.
Some steps to increase revenue include the new National Women's Soccer League stadium, the National Western Center and increased downtown reinvestment.
Johnston also said cutting cost measures include a tiered furlough system in 2025 for around two to seven days. All city employees will take two furlough days, then, based on income, the highest-paid employees, including Johnston himself, will take the seven days.
The city will also enact a hiring freeze until mid-September.
In 2026, some measures on the table to "rightsizing budget" include layoffs, Johnston said, as well as program elimination and department consolidation.
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