Hickenlooper Signs Bill Increasing Budget Reserves

April 21, 2014 8:55 PM

Hickenlooper Signs Bill Increasing Budget Reserves
" DENVER (AP) – Colorado’s rainy day fund will grow again with a bill signed into law by Democratic Gov. John Hickenlooper.

The legislation increases the state’s general fund reserves from 5 percent to 6.5 percent to $576.4 million. During the recession, the reserves dipped to about 2 percent.

Hicknelooper said Monday before he signed the bill that increasing Colorado’s rainy day fund “creates a safety net for the state” for emergencies or the next economic downturn.

The total general fund, which is made up of tax revenue, will be about $8.7 billion next fiscal year, which begins July 1 "

Click here to read the whole article

Google related News

Monday, April 21, 2014 by San Francisco Gate

Hickenlooper signs bill increasing budget reserves

DENVER (AP) — Colorado's rainy day fund will grow again with a bill signed into law by Democratic Gov. John Hickenlooper. The legislation increases the state's general fund reserves from 5 percent to 6.5 percent to $576.4 million. During the recession ...

Read more

Wednesday, March 26, 2014 by Denver Post

Hickenlooper signs Medina Alert bill, marking milestone for mother

Linda Limon Medina didn't speak Tuesday during a bill-signing ceremony for a law creating a statewide alert system for hit-and-run crimes such as the one that took her son's life. She was saving her words for her son, Jose Medina, whose ashes she keeps in ...

Read more

Monday, March 10, 2014 by KDVR Fox-31

Hickenlooper signs rural economic development bill

DENVER — Colorado Gov. John Hickenlooper Tuesday signed a bill into law that will continue to fund economic development grants for projects in smaller, rural communities. House Bill 1241 funds the Rural Economic Development Initiative (REDI), which ...

Read more

Tuesday, May 14, 2013 by 9News

Hickenlooper signs bills to improve child welfare system

DENVER - A series of changes designed to improve Colorado's child welfare system were signed into law Tuesday by Gov. John Hickenlooper (D-Colorado). 9Wants to Know has previously reported on the lack of transparency in child fatalities in the Failed to ...

Read more