tax exemptions

Package of bills to limit, suspend or repeal
several tax exemptions and tax credits

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Prepared Testimony to the Joint Meeting
of the House and Senate Finance Committees
Colorado General Assembly

Rich Jones
Director of Policy and Research
The Bell Policy Center

Thank you for the opportunity to speak to you today.

Prepared Testimony to the Joint Meeting of the House and Senate Finance Committees
Colorado General Assembly

Wade Buchanan
President, The Bell Policy Center
November 12, 2009

Thank you for the opportunity to speak to you today.

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.

The Denver Metro Chamber of Commerce has delivered a list of business tax breaks to the governor's office that it thinks should be preserved to prevent damaging the state's economic recovery.