Prosperity Denver Fund tax spending restrictions

At a glance

• What: Bill 26-1364 restricts spending of College Affordability (renamed to Prosperity Denver Fund) tax revenues and prohibits alcohol purchases and administrative expenditures.
• Where it stands: Bill passed on final consideration 11-0 (Gilmore absent) at the 2026-09-28 City Council meeting.
• Result: Approved; fund name changed to Prosperity Denver Fund.

Description

Bill 26-1364 amends Article IV of Chapter 11 to (1) establish restrictions on spending of College Affordability tax revenues, (2) prohibit alcohol purchases and other administrative expenditures, and (3) rename the Denver College Affordability Fund to the Prosperity Denver Fund.

Public comment

Supporters (4): Angela Casamento, Jesse Parris, Terri Jackson, and Rebecca Arno spoke in favor. No opposition.

Sources

• City Council minutes, September 28, 2026: https://denver.legistar1.com/denver/meetings/2026/9/12963_M_City_Council_26-09-28_Council_Minutes.pdf

Log

2026-09-28 - City Council

Public hearing with four supporters. Council member Sandoval moved to pass on final consideration, seconded by Council member Torres. Passed 11-0 (Gilmore absent).