Nov 14, 2012 4:40 AM by Garrett Boyd
DENVER (AP) - Gov. John Hickenlooper is presenting Colorado lawmakers with a proposed budget for next year that is the first spending plan in years with no major cuts.
Hickenlooper unveiled his plan earlier this month and will present it to state budget writers Wednesday afternoon.
Hickenlooper's proposal includes more funding for schools, colleges, Medicaid, and the first pay raise in five years for state workers. The state general fund that lawmakers control will grow to $8.1 billion next year, up from about $7.6 billion last year.
State economists say the Colorado economy is growing slowly, but it has gotten a boost from taxes on stock sales.
Colorado will exceed the pre-Great Recession peak in tax receipts this year. But the state is still $1.1 billion below the general fund level of 2007.