So I'll just say as a short summary, fund balance is also a concern. So what happened, what you saw is Over the last 10 years, when expenditures have been growing faster than revenues, the way the city has managed that is by dipping into fund balance. So it's sort of like we all have a checking account and a savings account, and you try not to touch the savings account. We've been living out of the savings account. (41:54–42:03)
CLAIM
Asserts that Denver has used its fund balance to manage expenditures growing faster than revenues over the past decade.
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