DENVER (CBS4)– Denver Mayor Michael Hancock unveiled the city’s 2022 budget Wednesday morning. He said it’s close to pre-pandemic levels.
The City of Denver anticipates revenues of $1.485 billion next year. That’s just below 2020 projections.READ MORE: 2 Cats Rescued From Burning Home In Aurora
Part of the focus will be on rebuilding the emergency reserves which were spent to keep services open during the pandemic.READ MORE: Secretary Of State Takes Next Steps In Lawsuit To Remove Mesa County Clerk And Recorder Tina Peters As Designated Election Official
Affordable housing continues to be a priority as well as developing the workforce. The budget is based on revenues, bonds, grants and federal recovery act money.
“This fiscally responsible budget will help sustain our recovery, support thousands of new jobs and job training programs, stimulate our economy, keep our residents and neighborhoods safe and put new programs into place to improve services for our vulnerable residents and it does all of this by investing in our people and putting their recovery first and foremost,” said Hancock.MORE NEWS: CU Boulder Scientists Will Launch Cereal Box-Sized Satellite Into Space To Examine Planets Outside Our Solar System
Hancock did say leisure and hospitality industries continue to lag in the recovery, but still expects revenue growth of 9% this year, mostly from sales and use taxes.