Source: denver.cbslocal.com - Friday, April 17, 2015
DENVER (AP) – A $25 billion Colorado budget with taxpayer refunds and more funding for education is headed to the governor’s desk after state lawmakers gave final approval to the spending plan Friday. “No one pretends that this year’s budget was perfect. But it was collaborative,” said Republican Sen. Kevin Grantham, one of six legislative members of the budget-writing Joint Budget Committee. “We worked together. We didn’t get everything we wanted. We didn’t get rid of everything we wanted.” The GOP-led Senate approved the budget Friday on a 31-2 vote, with only Democrats dissenting. The budget previously cleared the Democrat-controlled House on a 45-20 vote. Republicans were the only no votes there. The budget, which takes effect July 1, includes funding increases for education, transportation, and money earmarked for surplus refunds for residents required under the Taxpayer’s Bill of Rights. The document calls for money to be returned to taxpayers when the state’s revenue growth exceeds the rate of population growth and inflation. Most of the $25 billion includes federal funds over which lawmakers have little control. Included in the overall budget figure is $9.6 billion general funding — tax revenue that lawmakers oversee. However, even within that pot of money there’s little wiggle room. Schools alone receive $3.5 billion in general fund spending — an increase of $200 million from last year. “Not only are we working to restor
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DENVER (AP) – A $25 billion Colorado budget with taxpayer refunds and more funding for education is headed to the governor’s desk after state lawmakers gave final approval to the spending plan Friday. “No one pretends that this year’s budget was perfect. But it was collaborative,” said Republican Sen. Kevin Grantham, one of six legislative members of the budget-writing Joint Budget Committee. “We worked together. We didn’t get everything we wanted. We didn’t get rid of everything we wanted.” The GOP-led Senate approved the budget Friday on a 31-2 vote, with only Democrats dissenting. The budget previously cleared the Democrat-controlled House on a 45-20 vote. Republicans were the only no votes there. The budget, which takes effect July 1, includes funding increases for education, transportation, and money earmarked for surplus refunds for residents required under the Taxpayer’s Bill of Rights. The document calls for money to be returned to taxpayers when the state’s revenue growth exceeds the rate of population growth and inflation. Most of the $25 billion includes federal funds over which lawmakers have little control. Included in the overall budget figure is $9.6 billion general funding — tax revenue that lawmakers oversee. However, even within that pot of money there’s little wiggle room. Schools alone receive $3.5 billion in general fund spending — an increase of $200 million from last year. “Not only are we working to restor
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