TABOR & Fiscal Policy

Gov. John Hickenlooper presented his budget for 2012-13 today, and there was some good news, largely because of the slowly improving economy.

"Because of the hard work we did together in 2011 and 2012, the State's financial position is markedly improved," the governor said in a letter to the Joint Budget Committee. "Our plan reflects cautious optimism for Colorado's economy and a prudent, sustainable approach to managing the state's budget."

Here are some highlights as we see them:

By Wayne Laugesen
For the Editorial Board

Critics are using the 20th anniversary of the Taxpayer's Bill of Rights to bash the voter-approved constitutional amendment as something devastating to our state. They talk as if government budgets and the economy are one in the same. Fund governments more, and we're good to go. Fund them less, and it somehow amounts to an economic crisis.

Colorado's fiscal situation forces many hard choices, and there is no better example than our continuing struggle to pay for higher education – and to make college affordable for students and families.

We will see two illustrations of that this week. Tomorrow, the Colorado Commission on Higher Education will continue discussions of possible changes to the state's need-based financial aid program, and the governor will submit his budget request for the 2013-14 fiscal year.

Lights, camera ... action! The Bell Policy Center has a TV special.

We invite you to watch Colorado: Boom or Bust at 8 p.m. on Wednesday, Nov. 14 on Colorado Public Television-Channel 12.

It's an hour-long show on Colorado, our past and our future, that we produced with ProgressNow Colorado and Channel 12.