State Senate approves taking surplus from Pinnacol

By: KKCO Email
By: KKCO Email

Despite protests at the state capitol this morning the state Senate gives approval to take money from a workers compensation insurance company to help balance the state's budget.

Business owners protested the move, worrying taking money from Pinnacol Assurance, the state's workers compensation insurance company, would raise their rates.

But the Senate gave the OK, which takes power away from Pinnacol's board and tells the company to turn over $500 million from its surplus.

Supporters say the money will keep the state from having to make cuts to higher education.

The measure now goes to the House.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Dee Location: Grand Junction on Apr 14, 2009 at 09:20 AM
    And that my friends is exactly how the fall of social security began. Hands in the pie that don't belong.
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
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 42925672 - nbc11news.com/a?a=42925672
Gray Television, Inc.