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Michael Johnston: “Contingency is every year we keep a contingency for just…”

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 42:54

And that we think that's unsustainable. You mentioned the second one. Thank you for the detailed question. For those of you writing the details, contingency is different. Contingency is every year we keep a contingency for just that one year's Crisis. That's about $34 million. and we spend it each year and then it disappears each year. Fund balance is the overall savings account. (42:54–43:01)

CLAIM

Asserts that the city maintains a $34 million contingency fund annually for crises.

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