Hickenlooper presenting budget to Colorado lawmakers
Last Updated: 186 days ago
Gov. John Hickenlooper is presenting Colorado lawmakers with a proposed budget for next year that is the first spending plan in years with no major cuts.
Hickenlooper unveiled his plan earlier this month and will present it to state budget writers on Wednesday.
"We're now at the point where we are beginning to be able to restore some of the deep cuts that we've made over the last couple of years," Hickenlooper said.
If approved, the state budget would be increased about five percent.
The state general fund that lawmakers have control over will grow to $8.1 billion next year, up from about $7.6 billion last year. The governor's economists have credited Colorado's improving economy to tax receipts from one-time stock sales.
Hickenlooper is proposing $201.6 million more for schools, to bring the K-12 budget to $3 billion. It's the biggest portion of general fund spending, followed by health and human services.
The increases, the governor admits, are modest because the economy is still recovering. He said each increase was made asking, "where can we make those restorations where we get maximum benefit?"
Highlights of the proposed education increases include $23.9 million be spent to enhance full day Kindergarten and pre-school opportunities and to improve teacher quality in hard to fill areas of the state. The summary also said they anticipate 8,592 new students next year and plan to spend $185 more per student.
The proposal also includes money earmarked for programs aimed at attracting and retaining employers. Funding of $3 million for the Strategic Fund in the Office of Economic Development and International Trade. That money is expected to spur recruitment of 1,230 jobs to Colorado.
Copyright 2012 Scripps Media, Inc. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.