Colorado's Ritter Will Push Three-Tiered Approach to Plugging Gap

Williamson, Richard
January 2009
Bond Buyer;1/7/2009, Vol. 367 Issue 33036, p7
Trade Publication
The article reports on the consideration of Colorado Governor Bill Ritter Jr. for a three-tiered approach to cover budget gap at the General Assembly session. These tiers are base spending cuts, borrowing from cash funds made up of services fees, and dipping into the state's reserve fund. Under his plan, if the first tier proves insufficient, he will move into the second tier, and then to the third if the second tier proves insufficient. Ritter is not expected to discuss budget cuts in detail.


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