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Michael Johnston: “Capital dollars [from bonds] only used for capital…”

Featuring: Michael Johnston, Nonpartisan | Mayor of Denver | Colorado

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Denver Mayor Michael Johnston Addresses City's Financial Challenges and Strategic Plans

Published | Video Starts at 10:57

I want to return to this because I mentioned earlier, but I think can't say it enough times. When we look at the investments we're making in things like the stadium or the stock show, those are Capital dollars [from bonds] only used for capital expenditures just to build things. So they cannot by definition be used to fund a program or a person in the general fund. And so these gaps that we're describing are just general fund dollars. (10:57–27:38)

CLAIM

Asserts that capital dollars from bonds can only be used for capital expenditures, not for general fund programs or personnel.

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