Money & Business
 
 Money Home    Quotes & PortfolioMarket News
 


 

 
 
STOCK QUOTES
Enter Symbol
 
 
Financial Headlines
 
News Search
  
Stories Photos
 
Hot Discussion Topics

Community Highlights
 
 
Colo. gov proposes sales tax on soda, online sales

DENVER (AP) - Facing an expected $1 billion shortfall in next year's budget, Colorado Gov. Bill Ritter is proposing a 4.6 percent cut in education spending and charging sales tax on items including candy and soda and online purchases.

Under a plan submitted to state lawmakers Friday, kindergarten through 12th grade schools would get $260 million less than they're getting this year.

Schools wouldn't get another $184.6 million because of a change in the way their annual mandatory increase is calculated under Amendment 23. The voter-approved amendment has largely protected education from deep cuts during the recession.

State workers would have to pick up the state's share of their pension contribution - 2.5 percent of their salary - for a year to save $20.1 million.


11/06/09 18:40 © Copyright The Associated Press. All rights reserved. The information contained In this news report may not be published, broadcast or otherwise distributed without the prior written authority of The Associated Press.

 
 
 
 
 
 
 
 
 
 

Tax Information From

• Taxes
 
 
 
 
Special Offers
 
 
 

Finding People

 
 
 

Cool Clicks!

 
 
 
 
 
 
Copyright © 2009 Netscape Communications Corporation. All rights reserved.