Content Tagged As budget

8 months 4 weeks ago

Bach tells staff to ignore veto override

COLORADO SPRINGS - Mayor Steve Bach was quite clear about what he thought of city council's override of one of his vetoes . "I am directing city staff to disregard council's actions that are illegal, that violate the charter," Bach said during a news conference Thursday. That remark...

1 year 1 month ago

Obama: House GOP budget is 'bad bargain'

JACKSONVILLE, Fla. (AP) - President Barack Obama says the House Republican budget is a "bad bargain" for the middle class. Obama says the House GOP wants to cut spending on education, science and clean energy when the country should be investing in those sectors. He says cutting back in those...

1 year 4 months ago

Air Force looking to "Trim the Fat"

The Air Force looks to trim the fat, calling on airmen for cost-cutting ideas. The campaign is called "Every Dollar Counts." It's a month-long open call for thoughts from uniformed and civilian Air Force members on how the service can save money. No idea is too small, not when...

1 year 5 months ago

Obama: Proposed budget not his 'ideal plan'

WASHINGTON (AP) - Confronting bipartisan criticism, President Barack Obama is conceding that his proposed budget is not his "ideal plan." But he says it offers "tough reforms" to the nation's benefit programs while closing loopholes for the wealthy. Obama argues his approach will provide long-term deficit reduction without harming the...

1 year 5 months ago

Colo. House approves $20.5 billion budget

DENVER (AP) - The Colorado House has approved a $20.5 billion budget that includes more money for schools, colleges and parole officers. The House voted to add nearly $500,000 for more parole officers in the wake of a parolee recently slipping through the cracks in the criminal justice system to...

1 year 5 months ago

Colo. Senate gives initial OK to budget

DENVER (AP) - The Democrat-led Colorado Senate gave initial approval to next year's budget, but not without Republican dissent. The improving economy is giving Colorado lawmakers the power to restore budget cuts from recent years, and Democrats on Wednesday highlighted the additional funding that's going to public schools and colleges...

1 year 7 months ago

Obama will submit his budget in March

WASHINGTON (AP) - An administration official says President Barack Obama plans to submit his 2014 budget plan to Congress in mid-March. The budget was supposed to have been released last week but the White House says it's been delayed by passage of legislation last month to avert the so-called fiscal...

2 years 5 months ago

Canada to rid itself of the penny

TORONTO (AP) - Canada has announced it is scrapping the penny. The humble one-cent piece is set to disappear from Canadian pockets, a victim of inflation. Canadian Finance Minister Jim Flaherty announced in the federal budget on Thursday that the Royal Canadian Mint will strike the last of the little...

2 years 6 months ago

Co lawmakers pay could be in trouble

DENVER (AP) - Colorado lawmakers would have to forgo their pay and benefits if they don't agree on a budget on time under a proposal that gets its first hearing in the state Senate. Democratic Senate President Brandon Shaffer, the bill sponsor, says the idea is a popular one with...

2 years 7 months ago

Army to slash combat brigades

Washington (AP) U.S. officials say the Army plans to slash the number of combat brigades from 45 to as low as 32, broadly restructuring its fighting force to save money. This move would cut the service by about 80,000 soldiers. Officials say the sweeping changes will likely increase...

2 years 8 months ago

State revenue forecast to be made today

DENVER (AP) - Colorado economists are presenting the state's latest revenue forecast as lawmakers prepare to start the 2012 session next month. Gov. John Hickenlooper's economic team and nonpartisan legislative economists will present their forecasts to the Joint Budget Committee this morning. The report to lawmakers plays a role...

2 years 9 months ago

Mayor Bach makes budget vetoes

After another round of budget approvals by City Council, Mayor Steve Bach is vetoing some programs. His cuts total over $312,000. The biggest item on the veto line is a proposal to add $175,000 to the budget for maintenance and repairs to the city's tennis courts. The Mayor said...

2 years 10 months ago

Possible school closing in D-60

Tonight Centennial High School in Pueblo had a packed house as the D-60 school board heard from parents and teachers on possible school closures. This was the first of two meetings with parents to discuss possible school closings in District 60. Before the meeting even started there were around...

2 years 10 months ago

E-Town Hall Meeting

You're invited to provide your opinion about Colorado Springs city budget and the Memorial Health System budgets. Tonight, there's a public e-town hall meeting from 7 to 9 p.m. You can attend in person at City Council Chambers, or you can watch the meeting live on cable channel...

2 years 11 months ago

Police unveil proposed budget cuts

Colorado Springs City Council has begun the process of reviewing the mayor's nearly $380,000,000 dollar "all funds" budget. Mayor Bach has directed all agencies to find more efficient ways to operate, including eliminating 38 vacant city positions from the 2012 budget, and more cost sharing for the city employee medical...

2 years 11 months ago

Postal workers rally in Southern Colorado

Thousands of postal workers all over the country rally to save their jobs. In Colorado Springs their slogan was "No Bailout, Just get the mail out". All of this comes as jobs are threatened and offices are closing with increased competition and more people using on line services. Last...

2 years 11 months ago

Update: Postal workers rally at City Hall

Postal workers and supporters are rallying to "Save America's Postal Service" in light of massive budget problems. It's happening right now all across the country including Colorado Springs at City Hall. With hundreds of post offices considered for closure, along with the springs processing facility, these people are rallying...

3 years 2 months ago

Government shutdown in Minnesota enters second week

ST. PAUL, Minn. (AP) - There are no new talks scheduled as Minnesota's government shutdown enters its second week. Political gridlock stemming from disagreements between Democratic Gov. Mark Dayton and Republican legislative leaders on how to deal with a $5 billion state budget deficit has idled 22,000 state employees, closed...

3 years 2 months ago

State pension projections too optimistic

DENVER (AP) - Some economists say Colorado's pension plan used unrealistically high investment returns when it projected it would be fully funded in 30 years. The Denver Post reported Sunday the Public Employees Retirement Association assumes an 8 percent investment return. The newspaper quoted economists and financial advisers as...

3 years 3 months ago

Some state post offices to close

DENVER (AP) - The U.S. Postal Service is proposing shutting down 11 post offices in Colorado and nine in Wyoming to help deal with a budget shortfall. The Denver Post reports that western area USPS spokesman Al DeSarro says communities are being notified of the closures following an $8.5...

3 years 4 months ago

City Schools to tackle budget tonight

Pueblo City Schools will try to balance its budget tonight with a goal of cutting nearly $7 million. Possibilities for cuts include two or three furlough days for employees. That would save close to $800,000. Cutting the central administration budget by 10 percent, that would save about $200,000....

3 years 4 months ago

Requested firefighting funds down for FY 2012

DENVER (AP) - The national budget for fighting wildfires may be cut next fiscal year with fire season well under way in Colorado. For fiscal 2011, which began Oct. 1, President Barack Obama's administration requested nearly $3.6 billion in appropriations and discretionary funds for the U.S. Forest Service and...

3 years 5 months ago

State Senate approves budget cuts

DENVER (AP) - A series of budget cuts in Colorado has gotten final approval in the state Senate. The $18 billion annual budget passed the Senate in a 30-5 vote today, sending the spending plan on to the House. Senators also passed a related bill cutting $250 million from...

3 years 5 months ago

Bigger fights looming over state budget talks

DENVER (AP) - Colorado senators have given preliminary approval to a $7 billion budget plan, but not before Republicans presented amendments to forbid the state from contracting with abortion providers or from withholding funding from departments and universities. Those amendments failed yesterday. The Senate will take a final vote on...

3 years 5 months ago

Springs military bases brace for shutdown

COLORADO SPRINGS, Colo. (AP) - Prior to the congressional agreement to keep the government running, the military said food and other services for troops in war zones wouldn't have been interrupted by a shutdown. Col. Robert McLaughlin, the Fort Carson garrison commander, said prior to Friday night's compromise that...

3 years 5 months ago

50 buses from District 49 encircle Capitol

DENVER (AP) - School buses from a Colorado Springs-area district have circled the state Capitol to make a statement about proposed education budget cuts. About 50 buses from Falcon School District 49 circled the state Capitol on Thursday with messages for lawmakers considering cutting education funding. The messages included...

3 years 5 months ago

An extra $75M for the state budget

DENVER (AP) - State officials say an accounting glitch has turned up an extra $75.5 million to help cover Colorado's budget shortfall. The Denver Post reports the state budget office had an incorrect formula in part of its revenue forecast. Officials said Tuesday that means the state has $75.5...

3 years 6 months ago

D11 looks to cut $12.5 million

Colorado Springs School District 11 is bracing for an estimated $12.5 million in budget cuts for the upcoming school year. That dollar amount is based on combination of revenue shortfall from the state ($11.2 million) and increases in operating costs ($1.3 million). Board members were given a packet containing...

3 years 7 months ago

President defends his budget proposal

WASHINGTON (AP) - President Barack Obama says he expects there will be some "posturing on television," but he's confident that congressional leaders will try to find room to compromise on the budget issues in the coming months. Obama says it will take both parties working together to figure out...

3 years 7 months ago

Buck pushes federal balanced budget amendment

GREELEY, Colo. (AP) - Weld County District Attorney Ken Buck, a former Republican Senate candidate, is forming a nonprofit dedicated to passing a federal balanced budget amendment. Buck said Tuesday the foundation Balance America will focus on state-based research, education and leadership aimed at addressing the national debt. He...

3 years 7 months ago

Free breakfasts for needy kids dropped in Colorado

DENVER (AP) - Colorado lawmakers facing a gaping budget deficit have decided to end free breakfasts for needy children funded by the state Department of Education. The budget-writing Joint Budget Committee on Thursday decided against spending an additional $124,229 to subsidize the Start Smart Nutrition Program. The Denver...

3 years 8 months ago

Pentagon plans to shrink budget over next 5 years

WASHINGTON (AP) - Defense Secretary Robert Gates will cut $78 billion from the Pentagon budget in the next five years, money that will come from shrinking the military's ground force, increasing health care premiums for troops and other potentially unpopular cost-saving measures. The plan, announced Thursday, identifies a separate...

3 years 8 months ago

Students bear brunt of state budget deficit

Parents in Colorado may want to start putting more money into their kids' college fund. Almost all of the universities and colleges in our state are considering double digit tuition increases next year to overcome cuts in state funding. Jill Brake of the Colorado Commission on Higher Education worries...

3 years 9 months ago

Colo amasses $3.7 bil in unpaid obligations

DENVER (AP) - In its struggles to deliver balanced state budgets over the past 10 years, Colorado has amassed $3.7 billion in obligations it may never pay. That sum includes severance taxes taken from municipalities, funds for tourism promotion and waste tire cleanup, and prison and school bus costs...

3 years 9 months ago

Neighborhoods can keep street lights off

Earlier this year, the City of Colorado Springs turned off many of the street lights around town. It became a symbol of the cities budget problems and enraged citizens. "I was very disappointed." says Colorado Springs resident Etta McLanhan, "I felt like they weren't taking into consideration the safety issues...

3 years 10 months ago

U.S. Chamber likes budget cutting ideas

WASHINGTON (AP) - There's finally some praise for the deficit-cutting ideas that were put forward by the leaders of President Barack Obama's bipartisan panel. The U.S. Chamber of Commerce says it agrees that "any solution will require commitment and sacrifice on both the spending and revenue fronts." But the...

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