DENVER
05/30/2010 05:12 am ET Updated May 25, 2011

Boulder Budget Panel Says City Government Must "Change Culture" To Avoid Massive Deficits

Boulder needs to take a tough look at itself and make fundamental changes in the way it does business, according to a panel of experts who have just completed more than a year of work evaluating the city's financial woes.

Since 2006, two Blue Ribbon Commissions on Revenue Change -- volunteer groups of business leaders, professors, planners and government officials -- have worked behind the scenes to pour over the city's financial habits.

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