Lawmakers Question Need For State Stimulus Package

By: Associated Press
By: Associated Press
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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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