News - Local
Colorado: $189 million in new cuts
Posted: Sep 20, 2010 10:00 AM by Bea Karnes, News First 5
Updated: Sep 20, 2010 10:01 AM
Gov. Bill Ritter may have to slash another $189 million from Colorado's budget because of a sluggish economic recovery and lower-than-expected revenues.
In June, Ritter was forced to cut $60 million from this year's $18.2 billion budget, using money from marijuana registrations, cutting funding for the Department of Corrections and taking money from severance taxes and federal mineral lease revenues from local communities.
No details were released on where the new $189 million in cuts would come.
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