House candidate wants rainy-day fund
Bipartisan attempts to expand existing savings have failed
House District 58 candidate Scott Tipton, R-Cortez, said if he is elected to succeed outgoing state Rep. Ray Rose, R-Montrose, he will make establishing a rainy-day fund one of his top priorities.
“I’m going to be a big proponent of putting money away in a rainy-day fund,” Tipton said.
He said the failure of Democrats to vote in favor of amendments to the 2008 budget bill that would have set aside one percent of the budget into a savings account was unacceptable.
Colorado law already requires that lawmakers set aside 4 percent of the general fund into an emergency reserve account.
Previous attempts from Sen. Josh Penry, R-Grand Junction, and Rep. Bernie Buescher, D-Grand Junction, to expand that savings account have failed to pass over the past four years.
Tipton said his philosophy on fiscal measures — and in other areas — is he will be willing to work with anyone that puts forward common-sense solutions.
“I don’t care whose idea it is,” he said. “I care what the idea is.”
Tipton’s opponent, Montrose Democrat Noelle Hagan, could not be reached for comment Wednesday.