by Associated Press Published: August 23,2010
Tags: budget, Ritter
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 [...] [...]
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 [...] [...]
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 [...] [...]
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 [...] [...]
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. [...]
“Do you cut yourself with knives, razor blades, broken glass, needles, nails, paper clips, pins, scissors, tacks, anything you can get your hands on? Do you bang your head against walls? Punch walls till your hand goes all bruised and bloody? Do you throw yourself through panes of glass? Expose your body to extreme weather [...] [...]
In a drastic move to address general fund budget gaps, the city has begun to remove trash cans from neighborhood parks. About 400 trash cans will be removed from 128 neighborhood parks and from all urban trail corridors within the next two weeks. Justifying the decision, city spokesperson Julie Smith said, ”The parks department spends [...] [...]
Colorado has the leanest government in the Rocky Mountain region. A report shows that the state has the fewest employees in the region, and that it under-invests in state assets, such as education, highways, police protection and natural resources. “Our report verifies what state employees in the field have been saying for the better part [...] [...]
Vice Mayor Larry Small and Councilman Darryl Glenn are often on the opposite side of issues that come before City Council, but they've found some common ground.
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A plan to balance the state budget would cut 4.3 percent from the state’s Medicaid provider rates, which would cost doctors more than $57 million in Medicaid reimbursement. Some doctors say that’s a plan that unfairly targets the poor. The Colorado Hospital Association, Colorado Medical Society, Colorado Community Health Network and the American Academy of [...] [...]