enver will continue investing in its goals around transportation and the climate crisis under the mayor’s 2020 budget proposal, which he revealed this morning at a press conference. But the $1.49 billion operating budget, which is a 2 percent increase over this year’s spending, also braces the city for an economic slowdown.
“We are taking assertive steps now to begin the belt tightening,” said Mayor Michael Hancock. “Because we are indeed seeing our revenues moderate and soften.”
In response to the slowing flow of cash into the city’s coffers, the mayor asked each department to make cuts without reducing services. The departments responded by making administrative changes or avoiding some new hiring. But the slower budget growth does not mean the city is cutting back on investments already planned, said the mayor.Fast growth injected new money into the city’s budget in recent years, according to Brendan Hanlon, the city’s Chief Financial Officer. And tax revenue is continuing to grow, especially from the retail and tourism industries, he says. But sales have slowed for cars, marijunana and products used in manufacturing and construction.
“This budget proposal advances the people’s priorities,” he said, citing a range of city goals, including those around the climate crisis and improving mobility options.
Transportation & Mobility
$118 million was proposed for building out Denver’s multimodal transportation system. That will grow by another $48 million when the Elevate Denver Bond issues another round of funds later this year. Kiki Turner, a spokesperson in the city’s Department of Finance, says the money would fund a range of projects, including:
$11.4 million for bike lanes
- Bikeways will be built, working toward the city’s goal of adding 125 miles in five years
$6.8 million for pedestrian crossings and sidewalks
- Pedestrian crossings will be improved citywide
- Five miles of sidewalk gaps will be filled in, especially on public property near high frequency transit stations and along high-injury network streets
$4 million for pedestrian and bike safety improvements
- $1.5 million for pedestrian detection technology at ten intersections on Federal Boulevard, which will improve traffic signal timing when it detects people on foot
- $1.2 million for Vision Zero capital improvements
- $950,000 for Safe Routes to School infrastructure and education
- $250,000 for a Safety Mobility Campaign
- Hiring two Vision Zero staff
$3 million for 18th & 19th Streets Downtown
- High-comfort bike lanes will be built on 18th from Glenarm to Wynkoop and on 19th from Wynkoop to Stout
- Transit improvements will speed up bus travel times and increase reliability on the Free MetroRide
- Pedestrian safety improvements will include crossing treatments and signal upgrades
Office of Climate Action, Sustainability and Resiliency
The mayor proposed $40 million to create a new climate office that will address the crisis with measures including:
- $2 million to expand composting and recycling
- $2.9 million to purchase electric vehicles and improve charging infrastructure
- $1.3 million to offer green building incentives
General Operating Fund vs. Total Operating Budget
The mayor’s budget proposal grows to $2.2 billion when all proposed city expenditures are included.
- $1.49 billion: General Operating Fund, up 2 percent (this funds the city’s operations)
- $2.2 billion: Total Operating Budget, up 1.7 percent (this includes the airport and construction projects)
The city council will consider the mayor’s budget in hearings taking place all of next week. Deliberations will follow until the budget is passed during the second week of November. The 613-page budget proposal can be downloaded from the city’s website.