Category: Economy, Military, Panorama
Posted: January 19, 2009 10:55 AM
Governor Bill Ritter has nailed some specific cuts meant to address a hefty shortfall in the Colorado budget. He would delay construction projects on college campuses, lower spending on public schools, and abandon, at least for now, efforts to expand health care for poor children, writes The Denver Post.
The state is addressing
a shortfall of more than $600 million in the current fiscal year, which ends in June, and then will contend with an additional $385 million hole in the following year's budget.
The Denver Business Journal
highlights other proposed cuts, including plans to tap the state's emergency reserves.
"Virtually no part of the state's government was left uncut," Pueblo's Chieftain
reports, adding that some lawmakers agree the time is ripe to rethink everything the state funds.
At least some good news came via U.S. Representative Jared Polis, who says the state will receive about $415 million in education spending under a proposal to boost the economy, according to The Associated Press