City of Loveland facing multi-million dollar budget shortfall, considering cuts

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City of Loveland facing multi-million dollar budget shortfall, considering cuts
Ballot Question 300LovelandBudget
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Danielle Kreutter is a multimedia journalist for Denver7 KMGH in Denver, Colorado.

LOVELAND , Colo. - Before Loveland voters approved a measure to get rid of the 3% sales tax on groceries, city staff started sounding the alarm.

At the time, the initial financial estimates said there'd be about $10 million lost in sales tax revenue. Now, Waldes said that number is actually on the lower end. "It's very, very difficult. On one hand, you certainly have to respect the outcome of that vote. That's the way our system works. But there are ramifications to it, and here we are. We're $13 million down," said Mark Jackson, acting deputy city Manager.

"We have to identify areas that we can no longer keep doing, or areas that we can scale back and reduce. I don't think there's a way with this to not impact the community in some fashion," said Jackson.

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Ballot Question 300 Loveland Budget Budget Cuts Budget Shortfall Food For Home Consumption Grocery Sales Tax Sales Tax

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