A bill to monitor and review tax credits and other exemptions by the state that result in reduced tax revenues, and provide that information to the legislature and public in annual reports, was killed in committee last week.
Rich Jones, Director of Policy and Research The Bell Policy Center Feb. 24, 2011
Thank you for the opportunity to speak to you today. I am Rich Jones, the director of policy and research with the Bell Policy Center. The Bell is a non-partisan, non-profit research and advocacy organization dedicated to making Colorado a state of opportunity for all. We have worked on state fiscal issues for nearly a decade because we know having an effective public sector partner is essential to building the state of opportunity we envision.
Wednesday, February 23, 2011 Written Testimony before the House Finance Committee
My name is George Awuor, and I am a policy analyst with The Bell Policy Center. The Bell is a non-partisan, non-profit research and policy organization dedicated to expanding opportunity for all Coloradans.
Rich Jones, director of policy and research at the Bell Policy Center, testified on Thursday in favor of House Bill 1052, which would add pay-as-you-go requirements to new tax exemptions and credits.
We are disappointed to report that the bill died in a 6-6 vote of the House Finance Committee.
We supported the bill because we believe it would add accountability and transparency to the budget process, and we believe it is only common sense to weigh the costs and benefits of tax credits and exemptions in pursuit of policy goals.
The General Assembly has gotten off to a fast start, and Bell Policy Center staffers have testified on bills we believe will improve access to insurance, increase educational opportunities and add some balance as the state wrestles with its budget shortfall.
Yesterday, policy fellow Debra Judy submitted an Opportunity Note in favor of House Bill 1008, which would prohibit consideration of gender in setting insurance premium rates.
Gov. Bill Ritter presented his budget for fiscal year 2010-11 to members of the Joint Budget Committee today.
He is requesting a $7.2 billion General Fund budget for fiscal year 2010-2011, which begins on July 1, 2010. This budget closes a $1 billion shortfall between projected General Fund revenues and expenditures and comes on the heels of a $2 billion shortfall in fiscal year 2009-10.