How proposed budget cuts would affect state programs

Tough decisions impacting Colorado’s budget, as proposed by Governor Bill Ritter during a meeting before the Joint Budget Committee Aug. 18, modify the timeline and potentially funds available through the Energy and Mineral Impact Assistance Fund (EIAF).
Funding for EIAF grants are derived from severance tax and federal mineral lease revenues. Proposed cuts to the program will impact the severance tax portion of the fund. The variable nature of the Impact fund combined with revenue…