Gov Ritter Proposes $19.1 billion Budget for Colorado

As Colorado voters went to the polls Tuesday to elect his successor, outgoing Governor Bill Ritter proposed a $19.1 billion budget for 2011 The proposed budget includes a combination of overall spending cuts and investments in education, economic development, health care and transportation.

"We said we were going to try to hold the line there. We've made good on our promise," the governor said. "Our economy is still at a place where the upturn is happening ... For that reason, it is important to do all you can to assist businesses and the business world."

According to the Denver Busines Journal, "The final budget proposed by the Democrat, who is not seeking another term in office, adds funding to ramp up oversight of banks and financial advisors and adds a small amount of money for K-12 education. However, it reduces tourism marketing funding by roughly 30 percent and continues the three-year suspension of a 3.3 percent fee paid to vendors for collecting sales tax revenues."

For more information on the proposed budget, please visit the Denver Business Journal.