Tax Revenue

By: Associated Press
By: Associated Press

The Colorado state legislature has an estimated $175 million in it's hands and lawmakers are not sure how to deal with it.

The money comes from a new cigarette tax hike approved by voters last November.

The question now is how much of the money should be reserved in case revenues drop.

Democrats want to keep 10 percent on hold. Republicans are pushing for 26 percent.


KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 1285577 - kktv.com/a?a=1285577