Colorado

Feb 24, 2010 5:13 PM

Governer signs tax hike bills into law

Gov. Bill Ritter has signed a package of bills taxing everything from candy and soda to online sales.

The governor says the money is needed to help close a $1.5 billion shortfall this year and next.  The new laws signed by the governor on Wednesday are expected to raise about $118 million over the next two years.

Evraz-Rocky Mountain Steel in Pueblo says the new taxes will cost the company $2 million a year.

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