By Brian Eason | Colorado Sun
Colorado’s state budget panel early Friday morning approved a spending plan for next fiscal year that would invest heavily in state workers and medical services, eliminate Colorado’s K-12 funding shortfall and limit college tuition increases to 3% for in-state students.
But it took a lot of cutting — and some creative accounting maneuvers — to get there.
Facing a potential $170 million shortfall at the start of the week, lawmakers on the Joint Budget Committee dipped deeply into various state cash funds in order to balance the budget, pulling money out of a number of programs to cover the spending gap.