Colo. State Fair deficit exceeds $500,000 |

Colo. State Fair deficit exceeds $500,000

PUEBLO – The Colorado State Fair has piled up a $553,000 deficit and will seek a loan and cut costs to compensate.The fair will need to borrow $856,000 through the Legislature’s Joint Budget Committee, state Agriculture Department budget liaison Jon Reitan told the Fair Board Thursday.Reitan also outlined $367,000 in cost cuts and $335,000 in proposed revenue increases, including an extra $85,000 contribution from Pueblo County and $250,000 in unclaimed interest on state property taxes.The Legislature agreed this year to let the fair use the unclaimed interest. The cost cuts include trimming the fair to 11 days from 16, putting more responsibility on vendors for making equipment repairs and providing furniture, consolidating some positions and streamlining administration.

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