Colorado To Cut $600 Million from Budget

By: KKCO - Email
By: KKCO - Email

Colorado lawmakers returned to work today with the urgent task of cutting up to $600 million from the current budget. They are also being asked to create a plan to create jobs.

The state's current budget of $19.2 billion dollar budget needs to be cut and lawmakers will start work on the "Jobs by June" plan to jump-start the state's construction industry.

The state needs to cut 600 million because revenues have fallen sharply. Democrats say the state hasn't raised transportation fees for 17 years and they need to look at other sources of revenue - including increased taxes and fees .

Some eight thousand construction jobs are at risk because of a lack of transportation funding.

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