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Mayor Hancock thanks Structural Financial Task Force for Final Report

DENVER -- Mayor Michael B. Hancock today released the following statement after receiving the Structural Financial Task Force final report:
“I want to thank the dedicated, hard work of this diverse and independent group of civic, business and community leaders. For nearly a year, these individuals have analyzed the City’s finances and explored various options to help us eliminate the persistent imbalance between revenues and expenses.

“After much deliberation, the Task Force report makes it crystal clear we cannot kick the can down the road or get by on one-time fiscal solutions. To create a sustainable Denver, we need not just new tools, but an entirely new toolbox. We must continue reducing expenses and making government even more efficient than it already is; we must find new ways to strengthen our economy; and we must take an honest and objective look at the City’s revenue options.

“Setting Denver on a long-term sustainable path will require difficult decisions, but we can't be afraid to make the tough calls. We will conduct a robust public input and engagement process and I ask that all our residents join us in deciding the future of Denver. Together, we will deliver a world-class city where everyone matters.”

Moving Forward

In February, we will:
  • Review and assess each of these recommendations; and
  • By the end of the month, outline for City employees and residents a process and timeline for moving forward.

In March, we will:
  • Launch a public engagement process; and
  • Propose moving forward with specific Task Force recommendations and plans for implementation.

CLICK HERE for the full report, summary PowerPoint and other materials.