Governor wants $340M more cut from Colo. budget
DENVER – Gov. Bill Ritter is recommending that the state liquidate a scholarship trust fund, close a prison boot camp and go after delinquent taxpayers to balance Colorado’s budget.
The governor says the state has to cut another $340 million to balance next year’s $7 billion proposed budget. That’s on top of the $2.2 billion the state had to cut this year.
Ritter blames the cuts on a continuing worldwide recession which slashed state revenues the past two years.
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