budget


Hickenlooper to seek _Perr

DENVER | Colorado is facing a $373 million budget shortfall next year, despite a healthy state economy that has an unemployment rate of 4 percent. Years of uncoordinated fiscal policies, spending restrictions that require refunds to taxpayers, and mandated funding for schools are among the moving parts colliding to create the budget deficit, the governor’s budget […]


An employee helps a customer smelling the scent of marijuana for sale on opening day of a new outlet of the Colorado Harvest Company recreational marijuana stores in Aurora on Sept. 16. Marijuana consumers took advantage of a "tax holiday" in Colorado on Wednesday, do to a quirk in state law that led Colorado to suspend most taxes on recreational pot for one day. Marijuana-specific taxes in Colorado generated about $70 million in the fiscal year which ended in June 2015. Brennan Linsley/AP Photo

“We’ve never been in the business of marijuana,” said Greg Hays, a budget and finance program manager with the city. “I can’t tell you whether that amount is going to drop or rise more. We’re projecting to hit that (amount) and more this year, and we don’t have the full 24 stores.”