This afternoon, Governor Ritter signed the budget bill for fiscal year 2009-2010. Colorado’s constitution requires that we balance the budget every year—no deficit spending—even when revenues keep shrinking and economic activity continues to slow down. There are no easy choices, and we left no stone unturned.
We made difficult decisions in forming this budget and demonstrated principled leadership. Even in a recession, we created thousands of jobs, developed stable funding for transportation, and maximized federal funds to expand educational opportunities and provide healthcare to 100,000 more Coloradans.
More importantly, we took steps toward fiscal reform so lawmakers will have more flexibility to meet the state’s needs in the future.
The people of Colorado are strong, and so are its leaders. Together, we can weather this storm, confident that we will have economic stability again soon.
Posted by SenatorShaffer in Blog []