They Said it Couldn’t be Done, But Fiscal Sanity is One Step Closer
Earlier in this legislative session, Great Education Colorado Action joined a broad coalition of organizations supporting S.B. 228 — a bill to untie one part of Colorado’s formulaic fiscal knot, the “Arveschoug-Bird” 6% limit on the growth of general fund spending.
Great Ed supporters flooded the Capitol with over 1800 e-mails in support of this critical legislation, creating momentum that helped turn the tide on this landmark legislation.
It appears that the Governor has brokered a deal on 228 to eliminate the 6% restriction and create a rainy day fund, while guaranteeing a level of funding for transportation in good economic years. (Under current law, all revenues above the 6% general fund growth restriction flow automatically to roads and capital construction.) Read the Denver Post coverage here.
The deal still has to be approved by both the House and the Senate, so it’s not done yet. Nonetheless, it is not too early to thank the Colorado Fiscal Policy Institute, the driving force behind the 6% fix, as well as the bill’s prime sponsors, Senator John Morse and Representative Don Marostica.
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