Colorado Dems, GOP talk spending limits
DENVER, Colorado ” Colorado Republican and Democratic lawmakers are looking at some possible alternatives to a proposed change in state budget limits.
Legislative leaders from both parties met Tuesday to discuss some ideas but no deal was reached.
Currently, the state’s operating budget can grow by only 6 percent a year. Anything left over after that limit is hit must be spent on transportation and building construction.
The proposal doesn’t affect how much money overall the state can spend, just what areas money can be spent it. That’s because the Taxpayers Bill of Rights limits how much overall tax revenue the state can keep.
Democratic backers say the state needs more flexibility on where to spend tax dollars. Republicans fear losing funding for transportation.