IT HAS BEEN A BIG WEEK FOR DENVER. THE CITY HOSTED PRESIDENT JOE BIDEN ON A VISIT PROMOTING HIS SPENDING PACKAGE AND THE PUSH TO FIGHT CLIMATE CHANGE. ALSO THIS WEEK... MAYOR MICHAEL HANCOCK RELEASED HIS MASSIVE BUDGET PROPOSAL FOR THE CITY.
RIGHT NOW... WE'RE DIGGING INTO ALL OF IT... WITH MAYOR HANCOCK.
-- Hancock's budget proposal dedicates funds to target lower-income and minority community economic recovery, provides funds for infrastructure projects, and funnels both city and general funds at homelessness and housing affordability.
--Hancock’s proposal would total $2.46 billion in spending overall, a 10.3% increase from last year’s budget and the highest-ever budget for the City of Denver. It would nearly double the city’s budget from only ten years ago.
-- A total of $229 million will be used toward housing and homelessness – $190 million from city general funds, dedicated funds and American Rescue Plan Act funding plus another $39 million from a 2021 city bond.