Michael B. Hancock

@MayorHancock ↗

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Last Checked Oct. 25, 2020

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Tue Sep 15 17:41:04 +0000 2020

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Michael B. Hancock @MayorHancock

In Denver, more than half our budget comes from sales and tourism taxes – two industries that took the brunt of the impact from COVID-19. We are forecasting a revenue decrease of $220 million in 2020, The worst loss of city revenue since 1933. — PolitiTweet.org

Posted Sept. 15, 2020

Preceded By

Michael B. Hancock @MayorHancock

Economists say the U.S. entered a recession in February 2020. But that was hugely overshadowed in late March when the pandemic almost completely brought the global economy to a standstill. — PolitiTweet.org

Posted Sept. 15, 2020

Followed By

Michael B. Hancock @MayorHancock

We are closing the 2020 budget gap by: oreducing agency budgets, ofreezing most hiring, orequiring employees to take furlough days, and ousing a portion of our reserves. — PolitiTweet.org

Posted Sept. 15, 2020