The next governor and legislature should enact a strategy to increase the General Fund statutory reserve by at least one percentage point each year to create a rainy day fund of at least 10 percent of the state General Fund within six years.
DENVER, CO.???.Colorado's state budget has gone from lean to anorexic and is not likely to recover without major changes in the way the state raises and spends money, warned a local public policy group today. The Bell Policy Center, a nonprofit organization committed to programs that help open gateways to opportunity and promote self-sufficiency, today released a report that tracks current budget cuts in the context of long-term impact on Colorado's citizens.
DENVER, CO – Major flaws in Colorado's Taxpayer's Bill of Rights (TABOR) have seriously impaired the state's ability to set budget and program priorities and respond to crises, such as the current economic downturn, according to a study released today.