Tax rebates or schools? Colo. budget hits impasse

By: Associated Press Email
By: Associated Press Email

DENVER (AP) - Sometimes a little money comes with big new problems, as Colorado lawmakers are finding out a week after hearing the state's finances aren't quite as bad as feared.

Democrats and Republicans in the Legislature announced Friday they've hit an impasse on next year's budget and work on it could be delayed up to a week. The dispute puts two perennial legislative favorites against each other - schools and small businesses.

Democrats say despite slightly higher tax receipts to the state, Colorado should continue asking businesses to give all the sales taxes they collect to the state, instead of holding some 3 percent back as compensation for collecting it. Republicans say “vendor fees” worth $65 million should go back to businesses to promote hiring.

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  • by Grumpy Location: deep dark cave near Tucson on Mar 26, 2011 at 08:25 PM
    Here's a thought. Give the money back to THE PEOPLE THAT EARNED IT! If it turns out that there is 'suddenly' a budget shortfall, let the people responsible for the economic woes of the State of Colorado pony up the money needed to balance the budget. And those people would be the ones that play 'legislator', executive', and the entire judicial branch of the Colorado State government. THEY are the ones that caused the budget problems by overspending, treating TAXPAYER MONEY as though it had no real value and wasted it throughout the last 50 years with no apparent accountability to the taxpayers they punished with higher taxes to feed their egos and re-election efforts through various vote buying schemes.
  • by John Location: Grand Jct on Mar 25, 2011 at 01:44 PM
    Every quarter businesses have to collect the taxes, then spend a lot of time filling out the tax forms to send off to the state and right now businesses are acting as the states tax collection agents for free. They should get the 3% back to pay for their troubles.
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