Dear Editor:
The Colorado budget is $3 billion in the hole and the Joint Budget Committee (JBC) posted its “Staff Budget Balancing FY 2020-2021” document, April 11, 2020.
Our State Senator Bob Rankin is on the JBC and has signed on to the recommendation to suspend The Homestead Tax Exemption to free up $163,578,262 toward decreasing the budget deficit.
While the law took effect in 2002, legislators voted not to fund it in 2003, 2004,…
Where do you think the money is going to come from, Debra? They have to find 3.3 billion dollars. There’s no magic money tree to shake, and the budget has to balance. Unless the Feds give the state funds for the budget, I’d suggest you comb through the budget documents that they’ve been working with for months and find a couple billion dollars of programs to cut that won’t burden Coloradans. I doubt you’ll find much.