Four top officials at the Colorado History Museum are leaving the institution as part of a budget-cutting buyout program offered by its nonprofit parent organization, writes The Denver Post. Edward Nichols, the institution's president and chief executive, is among those leaving the museum in downtown Denver as History Colorado aims to cut more than $3 million from its $26-million annual budget.
The state-affiliated charity runs the History Museum, nine other historic sites, and the state's archives and preservation office. The group has been affected by a steady decline in taxes on gambling revenue, its primary source of funding. Ten staff members have taken the voluntary buyout, and 40 more have agreed to work a reduced number of hours. The museum, which moved into a new and bigger building in 2012, has reorganized its board structure to mirror that of Colorado's state universities, which have benefited from increased fundraising.