Lawmakers Question Need For State Stimulus Package

By: Associated Press
By: Associated Press

Lawmakers are questioning the need for Colorado to have its own economic stimulus package after Gov. Bill Ritter offered one Thursday.

Ritter told the Legislature's Joint Budget Committee he wants to set aside $2.5 million to help small businesses get credit and another $2.5 million to set up job training at community colleges.

Committee members were skeptical about whether the state needs that because Congress has approved a $700 billion package aimed at freeing up credit markets.

Ritter says his plan could include revolving loans for small businesses or training for small business owners to get loans.

The plan is part of his proposed $19.2 billion budget next year, up 3.4 percent from the current $18.6 billion.

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  • by AMY Location: SRI LANKA on Nov 15, 2008 at 09:57 AM
  • by Jack Location: Colorado Springs on Nov 14, 2008 at 09:42 AM
    Oh ya we sure do need that stimulus package. lets get it done!
  • by TC Location: CS on Nov 14, 2008 at 05:58 AM
    Get those off of welfare, food stamps, medicaid, LEAP, and supportive payments and share that money with all other county departments. Get those to work and those frauding the system off. Money woes solved!
  • by Christi on Nov 13, 2008 at 02:36 PM
    I think that instead of giving the state this stimulus package give it to local city and county governments that are facing budget downfalls. Earmark the money for use in hiring police,fire,health, roads etc. Things these places need and make sure it is not used on things like vacations, raises or other non needed events
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