Denver (KDVR) – Mayor of Denver Mike Johnston announced a shortage of the city’s main budget over the next two years, and said that the city’s employees will test the leave amid discounts.
Speaking at a press conference on Thursday morning, Johnston said that the city is facing “structural financial challenges”, such as economic shrinkage, settlement of revenues and increased government spending throughout the country. Johnston said in 2025, the city will get a $ 50 million revenue gap and $ 200 million deficit for its management.
In 2025, the city witnessed only 0.3 % revenue, less than the expected 3.6 % estimate to shorter than the previous 5 % growth before 2024.
Some steps include to increase revenue for the new National Football League Stadium for Women and the Western National Center and increase the city center reinvestment.
Johnston also said that the cost cost measures include the gradual vacation system in 2025 for two to seven days. All city employees will take two days of leave, based on income, the highest -scoring employees, including Johnston himself, will take the seven days.
The city will also freeze employment until mid -September.
In 2026, some measures on the table “to achieve budget rights” include the demobilization of workers, in addition to canceling the program and unifying the department.