Friday, January 7, 2011

Budget forum seeks long term answers

Looming on Colorado’s fiscal horizon is either a storm of epic proportions, or rough waters needing careful navigation, according to budget watchers gathered for a budget forum at the capitol today.

Sen. Ted Harvey, R-Highlands Ranch, said the implications for the state’s future could be greater than some may think.

“We are about to get run over by a tsunami, and if we don’t figure out a way to stop that tsunami, well, we need to take a good look at how we can get out of this situation,” said Harvey.

Does the state of Colorado have a spending problem, or does the state of Colorado have a revenue problem? Newly appointed Colorado Budget Director Henry Sobanet proffered the question for his own benefit, quipping, “The answer is yes.” - Read More -

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