Lawmakers Hit Impasse On Next Year’s State Budget

Mar 25th @ 3:54 pm in News by Scott Staley

DENVER —  Now that Colorado lawmakers have discovered that the state’s finances are not quite as bad as they feared they’ve now hit an impasse when it comes to next year’s state budget.  According to the Daily Sentinel, the dispute revolves around two perennial legislative favorites pitted against  each other — schools and small businesses. Democrats say that despite slightly higher tax receipts to the state, Colorado should continue asking businesses to give all the sales taxes they collect to the state, instead of holding some 3 percent back as compensation for collecting it. Republicans say “vendor fees” worth $65 million should go back to businesses to promote hiring.
Source: Daily Sentinel