FY 11-12 Budget Updates
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Colorado Senate and House leaders and the Governor have agreed on a budget for FY2011-12, to be introduced this week in the Senate as the Long Bill. The delayed Long Bill and other budget balancing efforts, including action on the Primary Care Fund, were delayed due to disagreements regarding the cuts to K-12 education, the sales tax vendor fee, and the amount of money in the state’s reserves. The bipartisan agreement includes a $250 million cut to K-12 and maintains a 4% general fund reserve. Read more about the proposed budget.
U.S. House and Senate leaders are still negotiating around the nation’s FY 11 budget, facing a deadline of April 8 to avoid a government shutdown. House Republicans released their FY 12 budget proposal earlier this week, calling for significant changes to Medicare and Medicaid programs. Read more about the House proposal’s impact on healthcare.
