Colorado may receive $415 million in education funds
DENVER ” Congressman Jared Polis says Colorado is set to receive about $415 million for education spending under a federal proposal to help state’s ailing economies.
The Colorado Democrat said Saturday the money would come from the proposal dubbed as the American Recovery and Reinvestment Plan by President-elect Barack Obama. Polis says the funds would be broken into two parts: $280 million to help low-income and special education students and $135 million for building repair and construction.
Polis says the funds would help the state as it makes budget cuts. Gov. Bill Ritter recommended $632 million in cuts from the current state budget Friday. Public and higher education would face major cuts under Ritter’s proposal.