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Poverty has increased substantially in Colorado and across the country, according to preliminary state Census Bureau figures released today. Roughly one in every eight Coloradans was living in poverty in 2009 and 2010, including 192,000 Coloradans who fell into poverty since 2000.
The absence of a progressive income tax structure in Initiative 25 has stopped some progressive organizations from getting on board with State Sen. Rollie Heath's attempt to stem what has become a yearly bleeding of dollars from public education. While Heath and others agree a graduated tax structure would have been the preferred path, they said the initiative remains education's best tourniquet while long-term solutions are worked on.
The Colorado Fiscal Policy Institute Monday released a study showing that the budget proposed by Governor John Hickenlooper could eliminate about 3600 Colorado jobs.
Small-government Texas, touted by Gov. Rick Perry as a model of fiscal health last year, is facing a budget deficit in the neighborhood of $25 billion, according to the Center on Budget and Policy Priorities. It's no surprise that New York Times columnist Paul Krugman interprets the news as more evidence that the dominant contemporary Republican approach to government-- slash-spending, shrink social services, repeat-- is bad economic policy. Krugman has been battling the accepted logic of narrow tax-slashing policy-making for years but, as the doors open on the new Republican-controlled Congress, his arguments will find even less traction with lawmakers. Krugman's warning about the crisis in Texas, however, may resonate in Colorado, which has been forced by the recession to introduce historic spending cuts the last two years. The legislative session is set to begin here this week and for months Republican lawmakers have been talking about reinstating tax breaks lifted last year as a top priority.
News that appraisers working for the El Paso County Assessor's office are now paying for their own training and travel supports testimony offered...