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March revenue forecast, JVC cuts and proposed use of severance tax for a digital trunk radio system discussed
Summary
City budget analysts briefed the committee on the March state revenue forecast showing an approximate $1.2 billion shortfall and on Joint Budget Committee (JBC) discussions that may redirect severance tax revenues to cover a statewide digital trunk radio system (DT), a change local officials said could reduce municipal severance allocations.
Denver budget and policy staff briefed the Finance and Governance Committee March 18 on the state March revenue forecast and on ongoing Joint Budget Committee actions that the city said could affect municipal funding.
Katie Hancock, of Policy Matters, told the committee the March revenue forecast confirmed an estimated $1.2 billion deficit in the…
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