The Colorado House approved a $7.4 billion spending plan Thursday, turning what many believed would be an acrimonious process unusually jovial as they kept funding for schoolchildren at the same level as last year and returned a property tax break for seniors.
Colorado budget writers finished the aptly named “Long Bill” with more funds this year for education, colleges, and seniors.
Lawmakers are deadlocked over whether to cut spending at state agencies and potentially prompt layoffs in what has become the next flashpoint in Colorado budget negotiations.
More good news for Colorado’s budget – improving finances mean lawmakers may not have to choose between giving seniors a property tax or restoring some education cuts made during the depths of the recession.
Colorado budget writers are asking to delay the introduction of the state budget for more than a week.
An improving economy is giving Colorado more tax money to spend next year. And already, Democrats and Republicans at the Capitol are haggling over how to spend the money.
Colorado lawmakers are hoping for good news as state economists prepare to release their quarterly tax forecast.
With major implications for the state budget, Colorado economists will release a quarterly tax forecast Monday that will influence lawmakers’ decisions on key issues of next year’s budget.
Colorado Republicans have been talking for months about trying to save money by seeking federal permission to cut Medicaid.
Colorado’s top Senate Democrat wants state lawmakers to go without pay and benefits if they can’t agree on a budget, saying his proposal addresses a public perception that legislators bicker too much.