City Unveils $1.4 Billion Budget With Focus On Housing, Transportation

DENVER (CBS4) – Mayor Michael Hancock unveiled a nearly $1.4 billion budget to the city council on Tuesday.

The proposed budget has a focus on two of Denver’s biggest needs: housing and transportation.

denver budget 5vo transfer frame 449 City Unveils $1.4 Billion Budget With Focus On Housing, Transportation

Mayor Michael Hancock (credit: CBS)

Included in the budget are $31 million for street repairs, traffic safety, and ten miles of new bike lanes, as well as more than $21 million to build affordable housing.

denver budget 6vo transfer frame 341 City Unveils $1.4 Billion Budget With Focus On Housing, Transportation

(credit: CBS)

A pilot program that would let community members decide how to spend $1 million of the budget is also included.

The mayor’s proposal now goes to the city council for consideration.

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