Colorado lawmakers are getting an update on the state’s economy that will provide a clearer picture of how much money they need to refund to taxpayers.
Gov. John Hickenlooper says Colorado voters would be resistant to let government keep money above the limit set by the Taxpayer Bill of Rights, even though areas of the budget can use the funding.
A proposal to shore up public school coffers won final approval in the Colorado House Thursday.
This week in the Colorado Legislature some of the highlights state lawmakers will be discussing are a bill to undo part of a teacher-tenure law, a proposal on how to spend marijuana tax money, regulation for companies like Uber and Lyft, and cell phone use while driving restrictions.
The Colorado House passed a $23 billion budget that increases funding to schools, colleges, and the state’s savings for a rainy day.
The Colorado House will debate a $20.5 billion budget that includes increases for schools, colleges, and pay for state employees.
Next year’s budget for Colorado has passed the state Senate with funding increases for public schools, higher education, and money for construction projects at colleges and state buildings.
Colorado lawmakers will debate next year’s spending plan as the improving economy and increasing tax receipts give them more money to spend on education and raises for state employees.
Gov. John Hickenlooper told lawmakers Wednesday to remain cautious while preparing the state budget because Colorado’s economic recovery could be impacted by federal cuts and worldwide forces.
Colorado lawmakers are finalizing the last details of a $7.4 billion spending plan for next fiscal year before sending the appropriately dubbed “Long Bill” to the governor.