DENVER – State Reps. Don Beezley, R- Broomfield, and Brian DelGrosso’s, R-Loveland, bill to reinstate the state spending limit passed the House Finance Committee today.
House Bill 1280 would reinstate the state spending limit that was repealed by Democrats without voter approval in 2009. It will reinstate the government spending limit that prevented the state's operating budget from growing more than six percent each year.
“Reinstating the state spending limit is a practical way to ensure the state’s spending stays under control,” said Beezley. “Coloradans want and deserve fiscal responsibility here at the Capitol, and this bill will help make sure we truly stay within our means, in both economically tight times and good times.”
Democrats repealed that limit despite Republican opposition by Senate Bill 09-228. The proposal also creates a rainy day fund for the state equal to eight percent of the state's operating budget, or General Fund. The fund would be built over time with the revenues above the reinstated spending limit.
“We can’t afford to waste taxpayers’ money like Washington, D.C.,” said DelGrosso, who chairs the House Finance Committee. “While the nation continues to pull itself through this tough economy, this bill would put our state back on track to a stronger financial future.”
This economically-responsible bill was passed by Republicans on a party line vote. The bill will now move to the full House for consideration.
House Bill 1280 would reinstate the state spending limit that was repealed by Democrats without voter approval in 2009. It will reinstate the government spending limit that prevented the state's operating budget from growing more than six percent each year.
“Reinstating the state spending limit is a practical way to ensure the state’s spending stays under control,” said Beezley. “Coloradans want and deserve fiscal responsibility here at the Capitol, and this bill will help make sure we truly stay within our means, in both economically tight times and good times.”
Democrats repealed that limit despite Republican opposition by Senate Bill 09-228. The proposal also creates a rainy day fund for the state equal to eight percent of the state's operating budget, or General Fund. The fund would be built over time with the revenues above the reinstated spending limit.
“We can’t afford to waste taxpayers’ money like Washington, D.C.,” said DelGrosso, who chairs the House Finance Committee. “While the nation continues to pull itself through this tough economy, this bill would put our state back on track to a stronger financial future.”
This economically-responsible bill was passed by Republicans on a party line vote. The bill will now move to the full House for consideration.
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