Denver is trying to find $800M of potential bond-funded projects in a $6B haystack
Denver is preparing to propose an $800 million bond package for capital projects to voters this fall, having compiled over 220 potential projects from community feedback. Five subcommittees, consisting of city leaders and residents, contributed to this extensive list. Mayor Mike Johnston highlighted the city's $250 million budget deficit, emphasizing the bond's importance for funding infrastructure without raising property taxes. If approved, the bond would extend existing taxes that are set to phase out, allowing for continued capital construction. Previous bonds have successfully funded city amenities, and the upcoming proposal aims to enhance the quality of life in Denver.
The executive committee, including notable city officials, will now condense the project list to align with the $800 million budget, prioritizing projects based on community needs.