Less Energy Cash, Rebates Could Mean Budget Cuts In ColoradoDiminished revenues from Colorado's depressed energy sector and court-ordered tax rebates to oil companies mean lawmakers will tackle spending cuts to avert a general fund shortfall next fiscal year,.
Moderate Growth And Belt-Tightening For Colorado BudgetDiminished revenues from Colorado's depressed energy sector and court-ordered tax rebates to oil companies mean lawmakers will face the prospect of spending cuts to avert a general fund shortfall next fiscal year.
College Funding Could Take Big Hit In Proposed Budget CutsGov. John Hickenlooper is proposing cutting $20 million in state funding for higher education to help close a big budget shortfall.
Colorado Facing Cuts Amid $373 Million Budget ShortfallColorado is facing a $373 million budget shortfall next year, despite a healthy state economy that has an unemployment rate of 4 percent.
Hickenlooper Suggests Cuts To Deal With Budget ShortfallPublic colleges in Colorado face funding cuts and the state needs to dip into to its rainy day fund for schools to close a $373 million shortfall in next year's budget.
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.