KKTV - Economy - Headlines

CO Governor Faces Budget Deadline

By: AP
Posted: Mon 8:41 AM, May 07, 2012

Colorado lawmakers don't finish work for the year until Wednesday. But their biggest task could be complete by the end of the day.

Democratic Gov. John Hickenlooper had a Monday deadline to sign off on the state budget, including a $7.4 billion general fund plan for the fiscal year that starts in July.

The improving economy means that next year's budget includes some $100 million for a property tax break for seniors. And it's poised to be the first year in three years that K-12 schools won't see a budget cut from the state.

Because the governor could veto a spending package, lawmakers traditionally time the budget so that they have a couple days to try to override any budget vetoes while they're still in Denver.


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