Colorado Budget Writers Banking On Stimulus Money

By: Associated Press
By: Associated Press
To join the conversation on this story and others, "like" our KKTV 11 News Facebook page!

DENVER (AP) -- Lawmakers who oversee the state budget are recommending that Colorado count on about $100 million it expects to get in extra Medicaid funding to help balance this year's budget.

Members of the Joint Budget Committee voted Wednesday to back the move.

Colorado is expected to get the money as part of the federal stimulus package being worked out in Congress.

The committee also endorsed taking $150 million from the state's reserve account, leaving $150 million behind.

The goal is to cut about $600 million from this year's budget because tax revenue is expected to drop because of the recession. The committee still has find another $3 million in cuts to get there.

Their recommendations will be debated in the House and Senate next week.

KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 39451167 -
Gray Television, Inc.