The Governor’s Office of State Planning and Budgeting (OSPB) announced today that the state general fund revenue is projected to be $164.5 million higher in the next fiscal year than was forecast in December. The net increase to the general fund will be $149 million because of declining severance tax revenue.
Republican chair of the House Finance Committee Brian DelGrosso, Loveland, Wednesday moved to advance Democratic Gov. John Hickenlooper’s budget agenda by pushing an amendment that would have nearly doubled the extra amount government employees are paying into their state pension in order to help shore up the state budget.
Stating that Colorado needs to be more pro-business, Gov. John Hickenlooper cut deep into K-12, further sacrificed state employee earnings, and shut down some state parks and services in the budget proposal he delivered Tuesday.
Governor Hickenlooper proposes huge education cuts, and also wants money from state workers in bid to balance budget.
The Senate pulled the plug on the struggling HJR 1007, leaving the General Assembly out of compliance with state law and the Joint Budget Committee with no consensus revenue projection by which to budget.
The ping pong game on a Colorado House joint resolution that provides direction for state spending continued today as House Republicans rejected amendments made yesterday in the Senate.
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