Colorado Senate set to vote on new budget cuts
DENVER, Colorado ” The Colorado Senate is expected to vote Wednesday on a budget that could lead to pay cuts and furloughs but would protect funding for higher education.
This is the second time the budget has been before the Senate.
The Senate originally voted to take $500 million from a state-founded insurance company to balance the budget and sent it to the House. But by the time it got to the House, lawmakers largely agreed to abandon that idea, and the House made more cuts.
The Joint Budget Committee has mostly endorsed the House cuts but recommends easing some. That’s because the state now expects to get more Medicaid funding from the federal government.
Lawmakers are also hoping to get more money by taxing vending machine snacks and cigarettes.