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Colorado Governor Faces Budget Deadline

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Gov. John Hickenlooper (credit: CBS)

Gov. John Hickenlooper (credit: CBS)

DENVER (AP) — Colorado lawmakers don’t finish work for the year until Wednesday. But their biggest task could be complete by the end of the day.

Democratic Gov. John Hickenlooper had a Monday deadline to sign off on the state budget, including a $7.4 billion general fund plan for the fiscal year that starts in July.

The improving economy means that next year’s budget includes some $100 million for a property tax break for seniors. And it’s poised to be the first year in three years that K-12 schools won’t see a budget cut from the state.

Because the governor could veto a spending package, lawmakers traditionally time the budget so that they have a couple days to try to override any budget vetoes while they’re still in Denver.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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