Budget Committee Recommends Higher Education Funding Cut

By: Associated Press
By: Associated Press

DENVER (AP) -- State colleges and universities could still see a cut in funding despite federal stimulus money.

The Joint Budget Committee on Monday recommended cutting $50 million from higher education in the next fiscal year, which starts July 1.

Gov. Bill Ritter has proposed using federal stimulus money to give state colleges and universities an extra $50 million this year and next year to make up for budget cuts.

The committee's vote to cut an extra $50 million would basically undo that proposed gain. Schools would have $655 million to spend next year, about the same level of funding they had in the 2007-08 budget year.

Budget committee members are trying to cut more than $780 million from next year's budget because of the recession. They said it's possible they may have to revisit higher education later and make even deeper cuts.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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