Colorado Gov. Polis says his $1.3 billion stimulus plan would create up to 15,000 jobs, but questions abound
Colorado Gov. Jared Polis on Thursday asked state lawmakers to spend $1.3 billion on an economic stimulus package that he said would create up to 15,000 jobs and boost the state’s economy by 11% over current projections.
“Making these investments now with this one-time money will help restore economic growth faster and better, and shrink projected deficits in future years,” Polis said as he presented his budget for the 2021-22 fiscal year. “The legislature really has a unique opportunity to put an imprint on Colorado and help Colorado lead the way in the economic recovery.”
The Democratic governor added another request: He asked lawmakers to authorize spending $205 million in the stimulus plan in the next few weeks. The first actions would include a temporary sales tax cut up to $10,000 for restaurants and other businesses restrained by public health orders limiting their capacity; an additional $50 million in rental and mortgage payment assistance; and $50 million in payments to early childhood centers pinched by the coronavirus pandemic.
“This is going to be one of the toughest winters ever just on the health side and the economic side,” Polis said.
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