coloradoindependent.com
Morse's '6 percent solution' budget bill clears first hurdle - The Colorado Independent
On Wednesday, the Colorado Senate Finance Committee approved Senate Bill 228 — legislation that seeks to provide greater flexibility to lawmakers in deciding where to spend the state's shrinking revenues. Sponsored by Democratic Sen. John Morse, the bill would eliminate the so-called Arveschoug-Bird provision, which restricts the state's General Fund to 6 percent growth per year and allocates any surplus specifically to transportation and construction projects. Morse's bill and the problem it seeks to address are tongue-twisting and arcane, yet the small corner room of the Capitol where the hearing took place was filled with laptop jockeys, community leaders, a webcast crew and a buzz that hung in the air when it became clear that SB228 was going to clear its first public hurdle.
John Tomasic