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Ritter to outline budget plan for lawmakers

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Gov. Bill Ritter will outline his proposal for a $19.1 billion state budget. The proposed plan covers a projected $715 million revenue shortfall next year. The announcement Wednesday kicks off several months of budget hearings for the Legislature’s Joint Budget Committee, which sets state spending priorities. Ritter’s proposal largely protects higher education with $555 million… Continue Reading Ritter to outline budget plan for lawmakers

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Ritter to discuss higher education plan

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Gov. Bill Ritter will address recommendations for preserving higher education in the face of declining revenues and increasing tuition. The plan will be submitted Thursday by the Higher Education Strategic Planning Steering Committee. The planning committee is warning that Colorado voters and taxpayers need to come up with more money for higher education or the… Continue Reading Ritter to discuss higher education plan

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Colorado smokers, parks take proposed budget hit

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Smokers, students, state employees and people who use state parks will feel the pain of Colorado budget cuts next year. Gov. Bill Ritter laid out his plans Tuesday for a $19.1 billion budget to cover a projected $715 million revenue deficit. The current budget is $18.2 billion. The budget totals don’t count about $1.5 billion… Continue Reading Colorado smokers, parks take proposed budget hit

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More cuts coming to Colo. budget this year

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Gov. Bill Ritter plans to close a $262 million shortfall in this year’s state budget by using federal stimulus funds and severance taxes, telling lawmakers he is doing his best to preserve essential services and minimize pain. He also plans to provide a $35 million cushion in case the revenue picture gets worse. The governor’s… Continue Reading More cuts coming to Colo. budget this year

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Colorado revenue forecast improving

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Colorado lawmakers got a dose of good financial news on Friday, but they warned it is not time to go on a spending spree or try to revoke austerity measures already under way. The news came on the same day some lawmakers were nearly reduced to tears as they were forced to cut $260 million… Continue Reading Colorado revenue forecast improving

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DENVER (AP) – Republican lawmakers are calling on the governor to cut about $320 million from the state’s budget instead of raising taxes on businesses. GOP senators said Thursday they’ll introduce a bill calling for $17.8 million in cuts this year – about 0.24 percent of the budget. Next year they want $306.5 million in… Continue Reading Republicans to Ritter: Cut government, don’t raise taxes

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As the General Assembly opens this morning for the 2010 session, elected officials are facing the grim task of cutting nearly every area of state government. And no one thinks the session is going to be particularly friendly for business, higher education or Medicaid. Legislators are considering tax increases, the end of enterprise zones, curtailing… Continue Reading General Assembly opens with budget, business issues

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DENVER (AP) – House Speaker Terrance Carroll likens lawmakers’ work this session to sometimes-painful surgery. “We’re cutting past the bone. We’re cutting bone marrow,” Carroll, a Denver Democrat, said of the $1.5 billion gap in next fiscal year’s $18 billion budget. “Bone marrow is where the body gets immunity. You limit the body’s ability to… Continue Reading Lawmakers cutting state budget to the bone

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A time for transformation

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States’ fiscal problems have never been worse, so what are they going to do about it? By Bill Clements and Charley Shaw Dolan Media Co. World War II jolted the United States out of its last massive financial crisis, but with no global war to propel a recovery this time, states are scrambling to staunch… Continue Reading A time for transformation

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Balancing the state’s budget required steep cuts in nearly every area of the budget — many of which went into effect this week, leaving people out of work and some programs without the grant money they rely on to operate. Total reductions to the general fund are about $320 million, or 8.1 percent. Departments from… Continue Reading No agency, department immune from state budget scalpel

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