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Colorado Springs defense companies are on the offensive, battling cuts to the Department of Defense budget that could reach $600 billion. Continue Reading Colo. Springs battling to maintain defense budget

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CU launches billion-dollar fundraising effort

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The University of Colorado system is launching its most ambitious fundraising campaign in the university system’s history. The $1.5 billion comprehensive campaign will benefit all four campuses, including the University of Colorado at Colorado Springs. The university has raised more than $900 million since the silent phase of the campaign began in July2006. Major fundraising… Continue Reading CU launches billion-dollar fundraising effort

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As El Paso County faces a multimillion dollar shortfall from reduced property taxes next year, officials are realizing, once again, how far the business personal property tax could go in easing their financial woes. El Paso County is the only county in the state that does not levy a business personal property tax, a tax… Continue Reading Business personal property tax eyed as budget shortfall mounts

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Colorado budget cuts going deeper

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Gov. Bill Ritter may be forced to cut another $189 million from Colorado’s budget because of a sluggish economic recovery and lower-than-expected revenues. State budget officials compared the recovery to having a hangover – they say the economy is a little bit slower, a little less energetic than expected. In June, Ritter was forced to… Continue Reading Colorado budget cuts going deeper

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Advice on living on $3,000 net a month

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Assume you have a job, which is quite a feat nowadays with some 20 percent of Americans unemployed, and assume your monthly take-home check is $3,000, which is not bad in this economy. What can you afford? How should you budget your life so as not to lose your house? There are those clever ones… Continue Reading Advice on living on $3,000 net a month

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Gov. Bill Ritter is using money from medical marijuana registrations to help the state meet a $60 million fiscal emergency. The governor is also cutting funding for the Department of Corrections, taking money from severance taxes and federal mineral lease revenues from local communities, and putting $40 million of local severance tax and federal lease… Continue Reading Colorado governor announces $60M budget cuts

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Ritter will sign $18.2B budget

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The $18.2 billion budget passed by legislators is about to become law. Gov. Bill Ritter planned to sign the budget bill Thursday. It will take effect in July, when the fiscal year begins. Schools will get 6.4 percent less than usual, and some districts are planning for layoffs. The state will save money because growth… Continue Reading Ritter will sign $18.2B budget

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With deficits swelling everywhere, local and state governments this year have been dealing with the mother of budgeting headaches. Lawmakers in Denver, having already cut education funding, among other areas, were at one point considering whether to hack another $1.5 billion from the state’s $18 billion budget. Whether they go that far was up in… Continue Reading Opinion: Budget shortfall brings out best, worst in us

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Retain enterprise tax credits

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There’s no two ways about it: The state of Colorado is in a financial mess at the moment. Lawmakers have emptied more than a few piggy banks and looked under plenty of couch cushions to scrape up enough money to shore up next year’s budget. And even after all the begging, borrowing and stealing is… Continue Reading Retain enterprise tax credits

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Colorado revenue forecast improving

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Colorado’s economy is slowly recovering from the Great Recession, but it may take years to fully recover. That’s the assessment from state budget forecasters, who released their latest revenue forecasts on Friday. Forecasters say weak real estate markets, high debt levels, bank failures and tight credit will limit economic growth over the next few years.

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