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Posted: 6:05 PM Nov 6, 2009
Ritter Proposes Sales Tax On Soda, Online Sales
Facing an expected $1 billion shortfall in next year's budget, Gov. Bill Ritter is proposing a 4.6 percent cut in education spending and charging sales tax on items including candy and soda and online purchases. Reporter: Associated Press |
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4 Comments 
Facing an expected $1 billion shortfall in next year's budget, Gov. Bill Ritter is proposing a 4.6 percent cut in education spending and charging sales tax on items including candy and soda and online purchases.
Under a plan submitted to state lawmakers Friday, kindergarten through 12th grade schools would get $260 million less than they're getting this year.
Schools wouldn't get another $184.6 million because of a change in the way their annual mandatory increase is calculated under Amendment 23. The voter-approved amendment has largely protected education from deep cuts during the recession.
State workers would have to pick up the state's share of their pension contribution -- 2.5 percent of their salary -- for a year to save $20.1 million.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Latest Comments
here we go again, another DEM proposing more taxes ..how shocking, hey Ritter between you and the FED taxes (enacted and proposed through various bills) how much would be the total tax %age for a person in CO.
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Don't know if you noticed, but that's what they mean by "spending cuts." It means spending less. Those cuts mean you have to spend less somewhere, and education is a large part of the budget. But, like any household, there are still things you have to pay for, and if you find that your income is down in hard times, what do you do? You get another source of income. Whether you like their particular proposals or not, they're proposing to do exactly what you and I do when times are tough, tighten our belts and increase our revenue.
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Why doesn't he just look in his own pockets? We are already being taxed to death. Cut his own pay!
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