After almost two years of bitter negotiations a state budget fix plan endorsed by Democrats, Republicans and Governor Bill Owens seems to be on the table. The bill, drafted by House Speaker Andrew Romanoff was passed by the house Thursday and just hours later senate leaders announced they had reached a compromise.
The proposed agreement would ask voters to lift state spending limits by more than $800 million dollars over five years. In that same time period the state would keep more than $3 billion dollars that would otherwise be refunded to taxpayers. The money would instead go into programs hardest hit by an early decade recession, including higher education and transportation.
No tax cuts will be included in the bill and State Representative Bernie Buescher, (D) Grand Junction.
says past legislatures are to blame for not only the current budget crisis, but for the lack of future taxpayer refunds as well. Several changes are expected to be introduced when the bill has its first hearing in the senate finance committee on Tuesday and once the bill is finalized, it will be voted on in November.
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