With Budget Surpluses, Colorado Lawmakers Debate RefundsColorado has reached the era of budget surpluses after years of deficits. But state constitutional spending restrictions mean those surpluses set up an ideological battle between Democrats and Republicans.
Next Colorado Budget Includes Refunds To TaxpayersColorado residents will get tax refunds because the state's improving economy means government is collecting more revenue than it is allowed to keep under the voter-approved Taxpayer Bill of Rights.
Colorado Among States Most Reliant On Income TaxColorado is among the top 10 states most reliant on income taxes for revenue, according to a new report concluding that income inequality is contributing to slower economic growth nationally.
Colorado Senate Funds Aerial Firefighting FleetColorado lawmakers agreed Wednesday to budget $21 million for an aerial firefighting fleet designed to spot and attack wildfires faster, a response to historic back-to-back wildfire seasons.
As Colorado Economy Improves, Budget Debate NearsAs Colorado's economy continues improving, lawmakers are beginning to talk about constitutionally mandated refunds to taxpayers in the coming years.
Gov.'s Budget Pays For Disasters, More Ed FundsLarge, destructive wildfires and historic flooding put a dent on Colorado's finances, influencing Gov. John Hickenlooper's latest budget proposal Friday, but the state is doing well enough that colleges and schools will see more funding.
Colorado Revenue Continues To Grow, Economists SayColorado's economy continues to outperform expectations, spurred on by tax revenue from stock sales, although unemployment remains high, state economists told lawmakers Monday.
State Budget Plan Focuses Investments Instead Of CutsColorado Gov. John Hickenlooper's budget proposal released Thursday includes more funding for education, more Medicaid spending, and pay increases for state employees for the first time in five years.
Colorado Revenue Picture Continues To ImproveColorado's revenue picture is continuing to improve at a faster-than-expected rate because of taxes on stock sales and oil and gas development, state economists said Thursday, but they predicted growth will slow because of federal and global uncertainties.
Marijuana Money Prompts Legal Flap In ColoradoColorado is facing accusations of misusing money from medical marijuana patients.
Hickenlooper Proposes More Cuts For Colorado SchoolsColorado Gov. John Hickenlooper is pitching more cuts to education to balance next year's budget but the reductions aren't as dramatic as previous years.
Colorado Likely Faces Another Half-Billion Deficit Colorado lawmakers will likely have to cut another $400 million to $500 million next year as the state continues trying to dig out of the economic downturn.