Due to tax revenues in 2018 falling far short of budget projections, the city of Loveland announced some sudden changes Friday morning intended to help stabilize city budgets. City Manager Steve Adams sent a memo to all staff members announcing the cutbacks. Related Articles Impact statement released on Northern Colorado reservoir project Colorado denies widow half of late husband’s workers’ compensation due to his marijuana use Loveland man sentenced to 44 years in infant son’s death Court delays Loveland man’s roadside shooting case Loveland considers helping downtown businesses pay for sprinkler systems “The latest available data, showing much lower revenue projections coupled with a recent increase in capital spending on community projects, leads us to undertake steps to better align our income and spending,” Adams wrote. The changes, effective immediately, will be: A hiring freeze on new positions, and on backfilling vacancies for any regular position with benefits.