Colo. House, Senate readopt $18.2B budget

DENVER — Legislators have given final approval to a proposed $18.2 billion budget.

The House and Senate voted today to readopt the spending plan after reconciling differences between the chambers. It now goes to Gov. Bill Ritter.

The budget, which takes effect in July, reduces spending on public schools by $365 million and adds $9.4 million to open a new solitary confinement unit at the Colorado State Penitentiary.

The part of the budget paid for with tax dollars is expected to increase by about $300 million, or 5 percent, by the time lawmakers pass all the related budget balancing bills. Tax revenues are expected to rise by 5.8 percent after two years of declines. Much of the extra revenue will make up for federal stimulus money that’s running out.



COMMENTS

Commenting is not available in this channel entry.




Search More Jobs






THE DAILY SENTINEL
734 S. Seventh St.
Grand Junction, CO 81501
970-242-5050
Editions
Subscribe to print edition
E-edition
Advertisers
Sign in to your account
Information

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