Friday, April 15, 2011

House gives final approval to budget

The Colorado House gave final approval Thursday to a balanced budget that includes a reduction in cuts to K-12 education and helps Colorado’s small businesses creates jobs.

“We are facing challenging economic times, and this budget reflects that,” said State Rep. Cheri Gerou, R-Evergreen, vice chair of the Joint Budget Committee. “This year we have responsible and honest budget that shows our commitment to creating jobs and getting our economy back on track.”

The budget agreement, which passed the Democrat controlled Senate with overwhelming support, restores part of the suspended reimbursement for vendors who collect sales tax on behalf of the state, and repeals the onerous software tax.

The budget also reduces the cuts to K-12 education proposed by the governor from $332 million to $250 million.

The budget garnered support from both Republicans and Democrats, passing with a vote of 50 to 14, and one member excused. The measure will now go to a conference committee, and must pass each chamber one more time before being sent to the governor.

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