Can CSP II be stopped now?
Rocky Mountain News
Major cuts in state services are likely after the non-partisan Legislative Council released an economic forecast Friday projecting that the state general fund will fall $604 million short of revenue this year.
Ritter's Office of State Planning and Budgeting projected a far smaller shortfall of roughly $77 million, but the Joint Budget Committee typically relies on numbers from the Legislative Council. OSPB director Todd Saliman said he will sit down with Legislative Council leaders to try to determine why his projected budget gap is so much smaller.
In the meantime, though, legislative leaders already are mulling ways to cut out some 8 percent of the general-fund budget — in half a year. Those changes could be as drastic as not opening an huge new prison that is being built in Fremont County, said Rep. Buffie McFadyen, D-Pueblo West.