Colo. State Fair deficit exceeds $500,000 | SummitDaily.com
YOUR AD HERE »

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.


Support Local Journalism

Support Local Journalism

As a Summit Daily News reader, you make our work possible.

Now more than ever, your financial support is critical to help us keep our communities informed about the evolving coronavirus pandemic and the impact it is having on our residents and businesses. Every contribution, no matter the size, will make a difference.

Your donation will be used exclusively to support quality, local journalism.

For tax deductible donations, click here.
 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User