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Michael Johnston: “Instead of a 3% revenue growth in 25, what we are seeing is…”

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 06:55

We predicted conservatively we'd be about 3% revenue growth going into 2025, assuming it wouldn't be nearly as good as the average 5% years, but would be a steady recovery Instead of a 3% revenue growth in 25, what we are seeing is a near zero revenue percent growth. At 0.3% revenue growth on the year. that means you've gone from 5% revenue grosses year over year to near zero. That flattening is what accounted for $50 million of GAAP this year. (06:55–07:03)

CLAIM

Asserts a drastic reduction in projected revenue growth for 2025.

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