Governor Owens Says Proposed Budget Changes Could Boost State's Economy

Colorado Governor Bill Owens is encouraged by a report released last week suggesting the state could save $615 million dollars next year simply by making a few changes in the way the state does business. The report is called “Priority Colorado” and it was written by the Reason Foundation.

The recommendations include selling some state owned buildings, curbing Medicaid services, and getting rid of programs that don't serve the government's core function. State Representative Bernie Buescher, (D) Grand Junction, said when legislators reconvene and resume discussion next week he expects a decision on the states' budget crisis will be reached.

The only budget fixing bill to survive in the legislature is House Bill 1194. It comes from House Speaker Andrew Romanoff, (D) Denver.

Lawmakers are being asked to consider cutting the state income tax rate from 4.63% to 4.5% and a ballot initiative that would ask voters to permanently give up part of their yearly tax refunds.
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