Colorado has more money to spend next year

DENVER (AP) - Colorado's public schools and colleges are getting hundreds of millions to make up for budget cuts in next year's proposed budget, and with the economy on the upswing, there's money left over to save for a rainy day.

But having more to spend means more wrangling when lawmakers begin debating the proposed $23 billion state budget Thursday.

Some lawmakers want to add even more money to schools than what is currently budgeted. And there are pending bills worth nearly $300 million that haven't yet been budgeted for that sponsors will want to fight for.

One big omission in the state budget is Colorado's newest source of tax money - recreational pot taxes. Lawmakers say it's too soon to count on any amount of pot money for the overall budget.


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