Oct 2, 2019
DENVER – How would you balance Denver’s general fund budget? The Denver Department of Finance today released a new Balancing Act budget simulator to provide the public with an interactive way to learn more about the city’s revenues and budgeted expenditures. The new tool is available at denvergov.org/budget, and allows users to simulate balancing the budget by raising and lowering spending amounts in 18 different categories.
“From day one, I made a firm commitment to making city government more open, accountable and accessible to the residents of Denver,” said Mayor Michael B. Hancock. “Our annual budget reaffirms our values and shows our commitments to our residents, and this new budget simulator tool allows them to step into our shoes and learn more about the questions we face when balancing the city’s budget each year.”
The Balancing Act budget simulator is the latest addition to the city’s growing Transparent Denver suite of online tools. Launched in 2013, Transparent Denver provides residents with easy access to the city’s financial information. The platform includes an online checkbook allowing people to search city payment transactions, information on city contracts, residential and business property records, city investments, city-owned properties for sale, financial reports, and the taxpayer receipt, which shows how a resident’s share of local sales and property taxes are allocated. Now, residents will also be able to interact with the city’s budget and learn more about how the city’s revenues are invested each year.
“Our goal is to make the city’s finances as transparent and accessible as possible and the new Balancing Act tool is an interactive way for residents to learn about the city’s budget,” said Denver’s Chief Financial Officer Brendan Hanlon. “I hope that by using the new budget tool, residents of all ages will get a glimpse into the complex decisions we face each year when determining how best to invest city funds, maintain a balanced budget, and serve the needs of our growing city.”
Users can access the new tool via smartphone, tablet or computer and take a stab at creating their own version of the city’s budget by lowering and raising budget amounts. The Balancing Act simulator also provides information about the city’s different sources of revenue but reminds users that revenues may only be raised or lowered via ordinance or ballot initiative.