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Michael Johnston: “We did not imagine you would see the worst economic collapse…”

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 07:19

The only reason that number is not $100 million of GAAP this year is because our team already foresaw this and decided to already cautiously cut revenue projections. We did not imagine you would see the worst economic collapse in the last 20 years, other than Covid in the first four months of this year. But that is what has turned out to be the case. So that is the revenue through 2025. Next slide. Now, let's talk about an additional challenge. (07:19–07:28)

CLAIM

Asserts that the economic collapse in early 2023 was the worst in 20 years, excluding Covid.

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