logo
Denver proposes sweeping personnel changes to deal with 2026 deficit: "Like betrayal," says one city worker

Denver proposes sweeping personnel changes to deal with 2026 deficit: "Like betrayal," says one city worker

CBS News4 days ago

The executive director of Denver's Office of Human Resources, Kathy Nesbitt, said Thursday the city's projected $200 million deficit in 2026 would likely mean "hundreds" of city workers will be laid off, necessitating dramatic changes in some city personnel rules.
CBS
The estimate of "hundreds" of workers being cut from their jobs marked the first time the city has provided a firm estimate of the number of layoffs the city will have to implement.
Nesbitt has also unveiled proposed changes to a city personnel rule that provided job protection and seniority privileges for long term city workers. Career Service Rule 14 provided job protection for workers based on their years of service, and allowed them to move to other city positions if their position was cut. Nesbitt's proposed changes -- which are supported by Mayor Mike Johnston -- would do away with those protections and make it easier to lay off longer term city workers.
"I will tell you," said Nesbitt, "I wouldn't be looking at this right now but for the budget deficit we are facing for 2026."
Her agency said the proposed rule revisions are to make sure layoffs "are implemented in a more streamlined manner that is consistent with the merit-based career service personnel system ... The impact will be that layoffs will now be determined solely on performance instead of a combination of seniority and performance."
The proposed changes will be the subject of a hearing June 18.
"It does feel like a betrayal," said one veteran city worker, who asked their identity be concealed for fear of reprisals.
"I think that it is a huge disservice to people who have dedicated their careers to the city. This is dismantling not only the seniority system but the right to be reinstated if you are laid off," said the city worker.
Denver City Councilmember Amanda Sawyer said of the proposed rule changes, "I'm not thrilled about it but I think they're doing what has to be done."
"Layoffs are hard. Changing rule 14 midstream feels like adding insult to injury for our staff. But it needs to be done," said Sawyer.
It's unclear precisely how many city workers might be potentially impacted by the rule change, but the Office of Human Resources said the majority of current city workers had been hired in the last 10 years.
Nesbitt said by Thursday afternoon, her office had started hearing from city workers about the proposed changes.
"I would say about 75% are dissatisfied," said Nesbitt, who agreed the potential change likely feels "earth-shattering" for some city employees. The city has about 10,000 workers covered by career service rules.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Los Angeles mayor slams vandalism during protests
Los Angeles mayor slams vandalism during protests

CNN

time13 minutes ago

  • CNN

Los Angeles mayor slams vandalism during protests

Los Angeles mayor slams vandalism during protests Los Angeles Mayor Karen Bass criticized people who are vandalizing the city amid widespread protests. CNN correspondent Stephanie Elam gets a closer look at some of the looting and vandalism in downtown LA. 01:08 - Source: CNN Vertical Top News 14 videos Los Angeles mayor slams vandalism during protests Los Angeles Mayor Karen Bass criticized people who are vandalizing the city amid widespread protests. CNN correspondent Stephanie Elam gets a closer look at some of the looting and vandalism in downtown LA. 01:08 - Source: CNN Tanks arrive in DC ahead of US Army parade As the 250th anniversary celebration for the US Army approaches, a freight train of tanks was seen making its way into the nation's capital. The long-planned celebration in Washington will coincide with Trump's 79th birthday and include thousands of troops. The Army had said it has no plans to recognize the president's birthday. 00:40 - Source: CNN Colombian presidential hopeful Miguel Uribe shot in Bogota A Colombian senator and presidential hopeful is in a critical condition after being shot twice at an event in Bogota, according to national police and prosecutors. Police arrested a 15-year-old carrying a Glock pistol, according to the Attorney General's Office. Miguel Uribe expressed intentions to run in the 2026 presidential election for the country's largest opposition party, the center-right Centro Democrático, or Democratic Center. 01:05 - Source: CNN Immigration protests break out in Los Angeles President Donald Trump signed a presidential memorandum deploying 2,000 National Guardsmen to disperse the protests that began in the Los Angeles area in response to immigration raids. Law enforcement authorities and demonstrators have clashed for two days. CNN's Julia Vargas Jones reports. 01:34 - Source: CNN Coco Gauff reacts to winning the French Open Coco Gauff claimed her second career grand slam singles title, defeating world No. 1 Aryna Sabalenka in the French Open women's final. 00:46 - Source: CNN Protesters confront authorities following ICE raids in Los Angeles Federal immigration operations in Los Angeles were met by protests. ICE declined to discuss the details of its operations. 00:43 - Source: CNN Attorney for mistakenly deported man talks to Erin Burnett CNN's Erin Burnett talks with Simon Sandoval-Moshenberg, attorney for Kilmar Abrego Garcia, the Maryland man mistakenly deported to El Salvador in March, who has been returned to the United States to face federal criminal charges. 02:37 - Source: CNN Trump Admin targets LGBTQ+ community during Pride Month CNN's Ben Hunte breaks down how the Trump Administration has targeted the LGBTQ+ community with its policies in just the first few days of Pride Month. 02:09 - Source: CNN Former 'Diddy' girlfriend reveals 'love contract' A former romantic partner for Sean 'Diddy' Combs using the pseudonym 'Jane' described feeling financially coerced and revealed Combs is still paying for her rent, even as she testified against him at trial. Prosecutors hope the testimony by 'Jane' will drive home charges that include sex trafficking, racketeering conspiracy and transportation to engage in prostitution. Combs has pleaded not guilty to all charges. 01:30 - Source: CNN Trump's border czar on 3 US children leaving the country with their deported mothers White House border czar Tom Homan defended the Trump administration's move to deport three US citizen children last week. Homan told CNN's Priscilla Alvarez the children's parents, who were in the US illegally, made a "parental decision" to leave the country together. Gracie Willis, an attorney with the National Immigration Project, denies that the mothers were given a choice whether their children could remain in the US. 01:07 - Source: CNN Trump on Musk: 'The poor guy's got a problem' In a phone call with CNN's Dana Bash, President Donald Trump said he is 'not even thinking about' billionaire Elon Musk and won't be speaking to him in the near future. The comments come a day after Trump and Musk traded barbs on social media as their relationship deteriorated in spectacular public fashion. 00:43 - Source: CNN No aliens here: Research disputes possible 'signs of life' on another planet In response to hints of "biosignatures" found on a world called K2-18b, new research suggests there's a lot of uncertainty surrounding the exoplanet. CNN's Ashley Strickland reports on the ongoing scientific discourse around the search for extraterrestrial life. 00:43 - Source: CNN Reporter: Trump made $1 billion in crypto in 9 months CNN's Erin Burnett talks with Forbes Magazine's Dan Alexander about President Donald Trump's stunning ownership of billions of dollars worth of crypto. 02:19 - Source: CNN Russia launches strikes across Ukraine Russia launched waves of drones and ballistic missiles at multiple targets across a broad swath of Ukraine overnight killing at least four people in the capital Kyiv and wounding around 40 across the country. 00:32 - Source: CNN

BlackRock, Goldman Scale Up Tax Trades in $3 Trillion SMA Boom
BlackRock, Goldman Scale Up Tax Trades in $3 Trillion SMA Boom

Bloomberg

time20 minutes ago

  • Bloomberg

BlackRock, Goldman Scale Up Tax Trades in $3 Trillion SMA Boom

This year's stock market turbulence has punished ordinary investors. But for the wealthy, it's opened up fresh opportunities to convert equity swings into tax breaks — fueling a growing Wall Street business that turns volatility into a financial advantage. BlackRock Inc., Goldman Sachs Group Inc. and Morgan Stanley are among firms scaling up a strategy known as tax-loss harvesting, typically offered through customized portfolios called separately managed accounts. When markets drop, managers sell stocks trading below their purchase price to realize losses. Those losses offset gains elsewhere in a portfolio, reducing clients' tax liabilities while maintaining overall portfolio exposure.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store