Blog

By: Michael de Yoanna

Category: Military, Panorama, Politics

Posted: April 16, 2009 10:13 AM

With Pinnacol Money Off-Limits, What Will Be Cut Next?

Cash-desperate lawmakers are going back to the drawing board on Colorado's budget after plans failed to take $500 million from Pinnacol Assurance, which provides workers' compensation to state workers. That's according to The Denver Post, which notes that with $300 million in proposed cuts to state colleges and universities now also off the table, lawmakers will consider forcing state employees to take unpaid vacations, cuts to state health insurance for the poor, and increasing some kinds of cigarette taxes as the legislative session's May 6 end-date approaches. 9News reports that $94 million in cuts have been slated but does not provide specifics, saying that lawmakers have yet to iron out details. Meanwhile, Pinnacol president and chief executive officer Ken Ross is happy, stating "Pinnacol assets are private, not public, funds held in trust to protect our policyholders and their employees," reports the Denver Business Journal, which writes that House Democrats, who control the Legislature, are expected to announce new budget plans this morning.

Facebook Comments Box

Denver Real Estate 2013 - Get In The Game

Here’s why it’s finally time to get back in the Denver real estate market.

Spin Cities

We’ve highlighted some of the best road cycling routes along the Front Range and in the high...

Risky Business

Colorado’s labor market has more than its share of occupational hazards.

Escape

Each year, more than 18,000 victims of domestic violence call SafeHouse Denver’s hot line. Meet...

Get Well

From obesity to food allergies, we break down five issues facing Colorado’s kids.