Colo. Lawmakers Consider Easing Budget Limits

By: Associated Press
By: Associated Press
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DENVER (AP) -- Lawmakers are considering a plan to eliminate a cap on spending as they seek ways to cut $625 million from this year's state budget.

Increases in state revenue usually require voter approval. But Republican Don Marostica, who sits on the Joint Budget Committee, says lawmakers believe they have the authority to change the law.

The spending limit is known as the Arveschoug-Bird limit from its 1991 sponsors. It set a 6 percent cap on increases in general fund spending. Marostica disclosed the idea today after lawmakers were briefed on a plan to balance the current budget ending July 1.

The money has to be cut because tax collections are dropping because of the recession.

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