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Colorado: Economic recovery brightens budget picture

Hickenlooper continues push to streamline state government

Increased revenues will bolster funding for education and social services.

By Summit Voice

FRISCO — State lawmakers got a first look at Gov. John Hickenlooper’s proposed FY 2013-14 budget last week, including increased funding for K-12 education, as well as restoration of funding to other critical programs that saw cuts in recent year.

The FY 2013-14 proposed budget is $21.9 billion, of which $8.1 billion is from the General Fund. Relative to the FY 2012-13 appropriation, these amounts represent increases of $1.1 billion (5.4 percent) in total funds and 5 percent ($387 million) in the General Fund.

“Colorado’s economy is outperforming other states,” Hickenlooper said. “This gives us the ability to restore some cuts and modestly increase funding in critical areas of the state’s budget. But we still have a long way to go to fully recover from this recession.” Continue reading

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