Senate Backs Budget Fix

By: Associated Press
By: Associated Press

The state Senate is supporting a bipartisan plan to solve Colorado's fiscal crisis, even as Governor Owens takes fresh criticism from some fellow Republicans for supporting it.

Senator John Evans says he's shocked Owens ended up agreeing to a deal. Every Senate Democrat backed the plan today, but nine of the 17 Republicans opposed it.

Senator Steve Johnson says he expected the deal to be approved as is, even after going back to the House. Voters will get the final say in November on any proposal submitted by the Legislature.

The compromise plan would allow the state to keep about three (b) billion dollars over five years that normally would be refunded under the Taxpayers Bill of Rights.

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Legislative economists estimate taxpayers would give up an average of 73 dollars in surplus revenue tax refunds in each of the first four years.


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