Colo. lawmakers agree on spending cuts

DENVER — Teachers, farmers and retailers may have some good news from a budget agreement struck in the Colorado Legislature. A stalemate over next year’s budget appeared to end today with Democrats and Republicans agreeing to a spending plan that eases cuts, or restores tax breaks, for those favored constituents.

The bill due to be introduced in the Senate later in the day cuts K-12 education funding by $250 million. It’s a painful bite, but not as bad as a cut of $332 million proposed by Democratic Gov. John Hickenlooper.

Lawmakers also agreed to give retailers a small portion of the sales taxes they collect as compensation for collecting them. And the plan calls for getting rid of sales taxes on certain agricultural products, such as pesticides.


Commenting is not available in this channel entry.

Search More Jobs

734 S. Seventh St.
Grand Junction, CO 81501
Subscribe to print edition
Sign in to your account

© 2014 Grand Junction Media, Inc.
By using this site you agree to the Visitor Agreement and the Privacy Policy