Hickenlooper Presenting Budget to Colorado Lawmakers

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Colorado governor John Hickenlooper is presenting state lawmakers with his budget proposal on Wednesday.

The plan includes more funding for schools, colleges, Medicaid and the first pay raises for state employees in five years.

This is the first spending plan in years without major cuts. The state general fund will grow to $8.1 billion next year, which is up from about $7.6 billion last year.

State economists say the economy is slowly growing, but it has gotten a boost from taxes on stock sales. Colorado is still $1.1 billion below the general fund level of 2007, before the recession.