{"id":1886,"date":"2026-06-23T13:03:34","date_gmt":"2026-06-23T13:03:34","guid":{"rendered":"https:\/\/coloradospringsmoverss.com\/?p=1886"},"modified":"2026-06-23T13:03:34","modified_gmt":"2026-06-23T13:03:34","slug":"denver-transfers-3-million-from-its-contingency-fund-to-pay-out-settlements","status":"publish","type":"post","link":"https:\/\/coloradospringsmoverss.com\/?p=1886","title":{"rendered":"Denver transfers $3 million from its contingency fund to pay out settlements"},"content":{"rendered":"<div>\n<div><strong>Getting your Trinity Audio player ready&#8230;<\/strong><\/div>\n<div>\n<p>Denver will use $3 million of its contingency fund money to help pay out settlements this year under an ordinance the City Council approved Monday.<\/p>\n<p>Read more <a href=\"https:\/\/coloradospringsmoverss.com\/?p=1884\">Former Jeffco schools security guard arrested in Boulder County on child sexual abuse charges<\/a><\/p>\n<p>The council makes a similar transfer every year, but the amount varies depending on the settlements reached, said Laura Swartz, the spokesperson for the city\u2019s finance department.<\/p>\n<p>\u201cIt is difficult to budget for settlements in advance because the amounts and timing can be unpredictable based on each case\u2019s own scheduling, negotiations and court decisions,\u201d Swartz said.<\/p>\n<p>Every year, the city sets aside $2 million for settlements in the budget. Officials request a transfer from the contingency fund for anything needed above that amount. The 2026 transfer brings the amount that will be used to pay out settlements this year to $5 million so far.<\/p>\n<p>This year\u2019s allotment will leave the city with $30.5 million remaining in its contingency fund. The contingency fund is separate in the annual budget from the city\u2019s reserves, which officials have been working to replenish from a recent low point.<\/p>\n<p>The city has been ordered to pay millions of dollars in settlements in recent years related to the Denver Police Department\u2019s actions during the George Floyd protests.<\/p>\n<p>Earlier this month, the council approved about $2.87 million in payments for 13 people who alleged that local police violated their constitutional rights during the 2020 protests.<\/p>\n<p>Read more <a href=\"https:\/\/coloradospringsmoverss.com\/?p=1882\">Authorities arrest 2 more suspects in planned attack on Trump\u2019s UFC show<\/a><\/p>\n<p>In April, a federal appeals court ruled that the city must also pay $14 million to another group of protesters, upholding a jury verdict. The city hasn\u2019t yet said how it will pay out that amount.<\/p>\n<div>\n<\/div>\n<p>\u201cThe city is contemplating the next steps first and expects to have more to share soon,\u201d Swartz said.<\/p>\n<p>The city has approved a total of $24.2 million for settlements related to the George Floyd protests, according to the City Attorney\u2019s Office. That count doesn\u2019t include the $14 million the appeals court ordered the city to pay in April.<\/p>\n<p>\u201cThis is money that we could have used for any other purpose,\u201d Councilwoman Shontel Lewis said during a council meeting. \u201cIt represents a missed opportunity.\u201d<\/p>\n<p>The council unanimously approved the contingency money transfer through its consent agenda.<\/p>\n<div>\n<\/div>\n<p><em>Stay up-to-date with Colorado Politics by signing up for our weekly newsletter, The Spot.<\/em><\/p>\n<p>Read more <a href=\"https:\/\/coloradospringsmoverss.com\/?p=1880\">11 people indicted in \u2018widespread motor vehicle theft ring\u2019 in Colorado<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Denver will use $3 million of its contingency funds in the budget to help pay out settlements this year after the liability fund has run short under a measure the City Council approved Monday.<\/p>\n","protected":false},"author":1,"featured_media":1885,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,5],"tags":[],"class_list":["post-1886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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