Colorado Springs Mayor Ready to Make More Cuts Due to Virus

The video discusses the reopening status of various facilities post-Memorial Day, highlighting that while restaurants and retail are slowly recovering, gyms and pools remain closed. The city, with a population of 480,000, is facing revenue shortfalls and a potential budget deficit, exacerbated by a likely poor tourism season. To address this, $20.8 million has been cut from the budget through hiring freezes and deferred projects. The city has utilized CARES Act funding for essential services like police and fire payrolls. Despite these challenges, the city is committed to balancing the budget without borrowing, exploring further federal aid options.

What facilities are still closed in the city after the Memorial Day weekend?

• Restaurants

• Summer camps

• Retail stores

• Gymnasiums and swimming pools

What is a significant part of the city's economy that is facing challenges?

• Technology

• Agriculture

• Tourism

• Manufacturing

What measures has the city taken to address budget shortfalls?

• Borrowing money

• Hiring freezes and deferring capital projects

• Selling city assets

• Increasing taxes

How is the city utilizing CARES Act funding?

• Providing subsidies to businesses

• Reducing property taxes

• Supporting police and fire payrolls

• Building new infrastructure

What is the city waiting for to help stabilize its revenue?

• A federal loan

• Increased tourism

• Phase four of the CARES Act

• A new state tax policy