Tag: Colorado WINS

By: Brian Eason | The Colorado Sun The move would save the state money in the short term to address Colorado’s budget crisis, but it could cost the pension as much as $180 million in the long run. Colorado Gov. Jared Polis has proposed cutting the state’s contributions to the public pension by as much as $38 million next year to help cover the cost of employee raises owed under the state’s collective bargaining agreement. The move would buy the state government some financial breathing room for next year, when it faces an $850 million deficit. But it would also come at a steep long-term cost that could come back to bite public workers and taxpayers alike. The legislature’s Joint Budget Committee will consider the proposal between now and March, when it’s scheduled to ado...