Colo. lawmakers cutting budget to the bone |

Colo. lawmakers cutting budget to the bone

DENVER – The Legislature begins its session on Wednesday with lawmakers looking at making some painful cuts in the state budget.

House Speaker Terrance Carroll says there’s a $1.5 (b) billion shortfall in the state’s $18 billion budget.

During the 120-day session, Carroll says they will take a look the public schools budget, the state bureaucracy, and even increasing taxes.

Gov. Bill Ritter has proposed a $260 million cut in funding for kindergarten through 12th grade schools. He also wants to raise $312 million by charging sales tax on candy and soda and by eliminating or suspending a dozen tax breaks.

Even those measures are taken, lawmakers will still have to find nearly $1 billion more to cut.

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