Denver sales tax down for December
DENVER ” Denver’s sales tax revenues dropped 8.4 percent in December compared to 2007 for that month.
Mayor John Hickenlooper told city employees in an e-mail Friday that figure is within the range that had been projected for months. Hickenlooper says the city needs to save money by limiting merit increases and temporarily suspending bonuses.
He says the city also needs to negotiate with the unions that represent Denver firefighters, police, and sheriff’s deputies.
Hickenlooper told employees the core sales-tax revenues for 2008 were up 1.4 percent from 2007. He says budget officials had expected an increase of 3.6 percent for the year.
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