(Jan. 2) – Speaker Crisanta Duran and the chairwoman of the Joint Budget Committee welcomed Gov. John Hickenlooper’s proposal this afternoon to spend roughly $300 million in additional state revenue, highlighting the range of “unmet needs” that must be balanced in the coming months.
In economic and budget forecasts delivered late last month, the state government’s leading economists said strong state economic growth coupled with the federal tax overhaul passed by Congress would result in a substantial increase in state revenue.
“I thank the governor for making a thoughtful proposal,” Speaker Duran said. “House Democrats remain committed to prioritizing investments that will help hard-working Coloradans, including K-12 and higher education as well as affordable housing, transportation, rural broadband and other infrastructure.”
“Our state has no shortage of unmet needs,” said Rep. Millie Hamner, D-Dillon, chairwoman of the JBC. “As the budget picture becomes clearer in the coming months, we will be seeking a balanced approach to investing any new state revenue to maximize the benefit to Colorado families.”