KKTV - Economy - Headlines

Colo. Budget Proposal Hits K-12, Higher Education

By: Associated Press
By: Associated Press
Among elders with dementia, those with higher levels of education had a delayed, but steeper, decline in memory in the years leading up to their dementia diagnosis. (AP)

Among elders with dementia, those with higher levels of education had a delayed, but steeper, decline in memory in the years leading up to their dementia diagnosis. (AP)

DENVER (AP) -- Public schools would face a $65 million cut and higher education would lose $30 million under a proposal to close a $625 million shortfall in this year's state budget.

The plan presented to state lawmakers today would also hike fees for new water wells and delay payments to a police and firefighter pension fund.

Members of the Joint Budget Committee, who developed the plan, warned that worse cuts could be in store next year as tax revenues drop because of the recession.

This year's balancing proposal would avoid deeper cuts to state services largely by dipping into the state's reserve fund and transferring $244 million out of funds set up to fund specific programs, such as a fund to help treat women with breast and cervical cancer. The budget committee says there would still be enough money to fund those programs.

The cuts are needed because fiscal analysts are expecting tax collections to drop by about $600 million this year. Nearly half of that is because of an anticipated drop in capital gains taxes.


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
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 39691347