Colo. lawmaker: 'Brutal' budget cuts may be ahead

By: Associated Press Email
By: Associated Press Email

Denver (AP) - A Colorado lawmaker is warning that state colleges and universities could face spending cuts next year because tax collections are declining.

Democratic State Sen. Moe Keller of Wheat Ridge said Thursday the state could have $150 million to $300 million less than expected.

Keller, chairwoman of the Joint Budget Committee, says that could mean ``brutal'' cuts in spending for higher education as well as prisons and kindergarten-through-12th grade schools.

She says state sales tax collections for may were $77 million below projections and that economists believe income taxes still being collected may be up to $80 million less than expected.

Economists for the state legislature are scheduled to release their next forecast on June 22.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:
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 47929347 -
Gray Television, Inc.