The City Council’s Budget Committee is holding a second public hearing on Wednesday, July 22 at 10:00 a.m. on proposed revisions to the City’s 2020 budget. The City is facing approximately $156 million in projected revenue losses because of the COVID-19 pandemic.
Mayor Jacob Frey presented the second phase of his revised budget proposal to the City Council’s Budget Committee July 9. The proposal avoids mass layoffs of City employees by relying on existing spending freezes, use of cash reserves, program cuts and furloughs. The budget also prioritizes preserving housing, economic development and racial equity work that will benefit the communities of color who have been hit hardest by COVID-19.
Frey’s Phase 1 response to the impact of COVID included spending and hiring freezes and has saved approximately $58 million to date. The City Council is scheduled to vote July 24 on a revised budget.