Colorado State legislators have the daunting task of balancing the budget for 2010/2011. As we’ve already experienced the sting from the national economic slowdown, as well as divided political views between the Republicans and Democrats, it appears as if our state politics also mirror that of our Washington DC leadership.
Basically, our state budget will probably have a $1.3 billion shortfall, beginning in July of this year. To try to balance the 2010-2011 budget; a number of fiscal factors must come into play.
The Colorado House of Representatives (Democratic) voted favorably to eliminate several tax exemptions, supposedly saving Colorado around $145 million dollars annually. Meanwhile, the Republicans are loudly balking against this legislation, claiming that getting rid of tax breaks will adversely impact small businesses and thus, future revenues.
As the predictability of diametrically opposed political opinions are pounding against each other, I have concerns that our state politicians are simply avoiding the fact that our financial bind, like our US government and practically every other state, almost seems insolvable.
We don’t really have time to watch political charades while the painful realities of financial destruction continue to settle in to the fabric of our culture.
Things only seem to be going well between all parties when the money is flowing, as does everything else around us. However, this is the time to make difficult decisions to reconstruct our ways of business. I wish our legislators would put their differences aside for the good of our people.
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2139 Chuckwagon Rd, Ste 210 – Colorado Springs, Colorado 80919 – 719. 598. 5101
