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The "worst economic crisis of our lifetime" is hurtinb families and businesses and forcingg deep cutsto Denver's spending Hickenlooper said in a speech delivered at the Greekj Theater in Civic Centef Park. "With overall revenues down 8 percenrtin 2009, we are making tougg decisions every day to balance our the mayor said. He that the city would have tocut $120 milliom from the city budget over the next 18 "Our city government must overcome tough timesd with the same determination that our businesses and families Hickenlooper said.
Despite hard the mayor said heremaind "completely committed to FasTracks," the Regionalo Transportation District's massive regional rail-transit project, whicyh is facing financial challenges. . . Here is the completse text of Hickenlooper's State of the City addressd as preparedfor delivery, provided by his office. Good We appreciate all of you being here so earlu inthe morning, but it is and it allows us to gatherd before you all head to work. For decades, the Greeok Theater – and the park that surrounds us – has been a centrakl civic gatheringplace … a place wherd our citizens come to share ideasd and commit to action.
We are honorerd to have with us Council Presidenrt Jeanne Robb and the entireCity Council, District Attorney Mitch Morrissey, and Clerkm and Recorder Stephanie O’Malley. We are also honored to have Gov. Bill state Treasurer Cary Kennedy, as well as formeer Mayor Wellington Webb, and numerousd state senators and represents, regionall mayors and county My wifeHelen Thorpe, who gives me great patience and is here as Welcome to all of you. We are gatherexd during a time ofunprecedented challenge. We are engulfex by the worst economic crisis of our Whole industries have been brought down oneaftefr another.
Homebuilding, mortgages, banking, real estated development, insurance, the list goes on. Unemployment is projectede to rise to levels not seen sincee theGreat Depression. Foreclosures not only on people’a homes, but also on their businesses, on their are growing by doubl e digitseach year. But in the midst of the global recessionb Denver remains a placefor optimism. We face our challenge s head on, and make tough Our City government must overcome tough timeas with the same determination that our businesse s andfamilies do. With overall revenues down 8 percenyin 2009, we are making tough decisions everu day to balance our budget.
Working with our cabineg members, our employees and the City Council we have alreadyucut $86 million from our general fund budgert for fiscal year 2009. To help do this we savedf a combined $16.8 million in overall personnel costs. And we savefd $22.2 million in operational costs, such as defermentt of equipment replacement; holding open vacant and reducing the cost of servicexand supplies. And you’ll notice the lightzs in the Webb building are turne d off alot earlier. It is not or even appropriate in a time ofdecreasing resources, for a City to hire more Indeed, there are fewer people workinhg for the City of Denver todag than there were in 2002.
But thankxs to the dedication of our Cityworkeres – and because of innovative new practices like 3-1-q – we are finding efficiencies and doing more with
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