tag:Economy News

Mayor

Burlington VT mayor on budget deficit jumping due to clerical error

Burlington faces a budget deficit nearly 45% greater than projected by the city on the fiscal 2024 budget, Mayor Emma Mulvaney-Stanek said on Thursday. The deficit now stands at more than $13 million, compared to the $9 million projected in December 2023. Mulvaney-Stanak said she learned about the $3.4 million increase in the deficit when […]

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City Council

Why Pueblo City Council may slash marijuana excise taxes | #citycouncil

Marijuana excise tax revenue collected by the city of Pueblo peaked in 2021 and has fallen sharply ever since. Nearly $800,000 was collected in 2021 but that number fell below $200,000 in 2022 and likely in 2023 as well. The city of Pueblo collects an 8% excise tax on retail marijuana, but city council is […]

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City Council

Three takeaways from Pueblo’s 2024 city budget proposed to city council | #citycouncil

After a record-setting $133 million city budget in 2023, the city is planning to spend slightly less in 2024. Pueblo City Council passed a $132.6 million budget Monday evening. After sales tax revenue was unexpectedly high in 2021 and 2022, spending increased at a modest rate of just 1% from 2022 to 2023. Here are […]

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