
Denver is in financial trouble. They ran a $50 million deficit this year, which is projected to balloon to $200 million next year. Denver’s expenses are systematically exceeding its revenues.
Real-world entities would address this problem with a combination of (1) increasing their revenues and (2) decreasing their expenses.
But Denver is not a real-world entity. It’s a government entity. It plans to do what governments do in government-world: It plans to borrow money.
A lot of it. They’re putting on the ballot a bond proposal amounting to almost a billion dollars. By the time the bonds are paid off with interest years down the road, it would amount to nearly two billion.
The politicos have the gall to proclaim that this does not amount to a tax – as if the money to repay the near-billion of borrowed money plus the near-billion of interest on it, will come from somewhere other than Denver taxpayers.
Maybe they assume the money will come from taxpayers elsewhere, because Denver will default on the bonds and get a federal bailout. In today’s political environment, good luck with that.
Let’s take a look at some of what Denver wants to spend this borrowed money on:
$1,900,000 for a bike/pedestrian path (bicyclists and pedestrians love sharing paths, don’t you know) in a poor-ish section of town to “highlight local artists, history, heritage, and culture.”
$20,000,000 for a skateboard park.
$1,900,000 for a “bike pump track.” I don’t know what that is, but I’m sure it will pay for itself many times over in happiness for those who do.
$20,000,000 for an “American Indian Cultural Embassy.” For those who can’t read diversity-speak, that’s an Indian museum.
Gee, that’s never been done . . . .
$12,300,000 for maintenance of the existing “Blair Caldwell African American Research Library and Museum.”
Gee, that’s never been done, either . . . .
A few million for improvements to branch libraries for people who don’t know about the internet but love hanging out in branch libraries. In long trench coats, no doubt.
$10,915,000 for maintenance of a branch library in a bad part of town. Notice the other branch libraries only got a few mil.
$10,000,000 for a “Children’s Justice Center” which will be “intentionally designed to support healing and justice.” We’re warned that this ten million won’t begin to cover the total cost of the project. (As if we thought otherwise for even a minute.)
$1,000,000 for a Senior Center. That sounds nice, but do we really need to spend a mil to “center” our “seniors”? I’m a senior myself (don’t tell anyone) and I’m already plenty centered without hanging with the old farts at the “Senior Center” or the pervs in trench coats at the branch libraries, thank you very much.
Maybe “Senior Center” is a typo. Maybe they meant a “Señor Center.” Of course, Denver is a sanctuary city where they do their darndest to thwart federal enforcement of the nation’s immigration laws, thereby jeopardizing federal grants while borrowing money to pay for basic city services.
I won’t go to a Senior Center, but I would certainly go to a “Señor Center.” I’d walk in and say, “Mi nombre es Señor Senior.” When they look at me funny, I’d ask, “Habla Espanol?”
$3,000,000 for improvements to the Denver Art Museum. In my opinion, they could effectuate some double savings by using the “art” there to surface the skateboard park.
$32,000,000 for “affordable housing” or what we used to call “the projects.” Because when government gets into the housing business, good things happen!
$10,000,000 for a new branch library, naturally, to serve the new affordable housing.
Many millions for many swimming pools. ‘Cuz everyone wants to share warm pool water with the kind of people who will using them!
$70,000,000 to “transform” a city golf course into a “robust regional park” with a “regional scale playground.”
$1,500,000 for new tennis courts. But wait! The senior in me says, what about pickle ball? And the hoodlum in me says, what about midnight basketball?
There’s also a few hundred million for ordinary road maintenance and improvements. Some of that is a sly sop to the Denver Broncos – the city wants to buy up some land to build them another new stadium. The owners of the Broncos, who happen to be the Waltons – of Walmart riches – evidently need taxpayer subsidies.
Even the road maintenance and improvements that aren’t handouts to the Waltons are questionable. That’s the sort of thing that should be covered by ordinary budgets. The city should not have to borrow billions for it.
As large metropolitan areas go, metropolitan Denver as a whole is not all that left-leaning (though, to be sure, it does certainly lean left). But within the city limits, it’s hard, hard left. I might be the only Republican in town, and I’m only here part-time.
Denver is still woke, even now when “woke” is a four-letter word. Since the Great Depression, only two Republicans have represented Denver’s district in Congress. The current one is a Democrat no-name who has been in office for 28 years, and her Democrat predecessor was the inestimable Pat Schroeder, who was in office the preceding 24 years.
The last Republican mayor of Denver left office in 1963. I cannot recall the last Republican city council member.
And so, while formerly blighted and benighted cities like Detroit and San Francisco are tentatively rebounding, Denver still hasn’t hit bottom.
I spent a career in downtown Denver, and I loved the place. But now, downtown vacancy rates are at historic highs, the nightlife and restaurant scenes are non-existent, property values are falling, the roads stink, the people stink, and the Rockies stink.
Given the political make-up of Denver, it will get even worse. Well, not the for the Rockies – they’ll just leave town. As far as I’m concerned, they can take with them the mayor, all of city council and the owners of the Broncos. I hate Denver.
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