$1B in Energy Funds Could go to Higher Ed, Energy Impacted Communities

By: AP Email
By: AP Email

Denver (AP) -- State Senators plan to introduce a plan Thursday to set aside more than $1 billion in energy revenue for higher education and construction projects in areas affected by oil and gas drilling in the next decade.

The bipartisan plan involves spending the state's share of federal mineral lease and bonus payments.

Democrats released details of the plan Thursday as Republicans in the Senate tried to make cuts in the budget to set up a rainy day fund. Republican Senator Josh Penry backs the energy money proposal but criticized Democrats for not cutting anything in next year's $17.6 billion budget to prepare for a possible recession.

Governor Ritter backs the federal mineral lease proposal but opposed the Republican cuts. Ritter's spokesman says the cuts would have cut into funding for things like public safety, health care and renewable energy.


KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.

powered by Disqus
KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 17263259