Colorado's Largest Cities Grapple with Budget Shortfalls as Sales Tax Revenue Falls

Colorado's largest cities grapple with budget shortfalls as sales tax revenue falls

Denver faces a $250 million budget deficit, but other cities are dealing with similar challenges.

'Downward pressure': Oakland faces years of growing budget deficits without intervention - Local News Matters

Oakland is on pace to continue spending more than it earns over the next five years if the city doesn’t take steps to address its ongoing structural deficit, according to a report presented to members of the City Council on Tuesday.In its annual “Five-Year Financial Forecast,” Oakland’s Finance Department predicts yearly budget deficits ranging from about $115 million to nearly $130 million until the end of fiscal year 2029-30.“Rising costs for …