Joint Budget Committee
With the hours winding down, Colorado lawmakers had a number of big-ticket items to consider before the end of the session on Wednesday, including marijuana legislation and tax aid to homeowners devastated by floods and wildfires.
Colorado would save most of its marijuana tax money while spending about $23 million on school nurses and drug treatment and outreach under a plan approved Tuesday be legislative budget writers.
Colorado budget-writers are nearing a decision on how new marijuana taxes should be spent.
Lawmakers approved a $23 billion budget for Colorado next year, sending to the governor a spending plan that increases money for public schools, colleges, and funds an aerial firefighting fleet.
Sales of recreational marijuana rose slightly in Colorado in the second month of retail sales, according to state tax estimates released Tuesday.
After months of uncertainty about marijuana and its tax potential, Colorado lawmakers start work Tuesday deciding how to spend pot taxes.
The Colorado House passed a $23 billion budget that increases funding to schools, colleges, and the state’s savings for a rainy day.
Colorado’s public schools and colleges are getting hundreds of millions to make up for budget cuts in next year’s proposed budget, and with the economy on the upswing, there’s money left over to save for a rainy day.
As Colorado’s economy continues improving, lawmakers are beginning to talk about constitutionally mandated refunds to taxpayers in the coming years.
Colorado doesn’t know how much money it’s going to get from marijuana taxes, but that doesn’t mean it’s too soon to argue about spending it.