Colorado: Potential initiatives would shrink budget

Tue, Jan 19 2010 — Source: Grand Junction Sentinel

Passage of the three measures that have been approved for the Nov. 2 ballot in Colorado could cost the city of Grand Junction more than 10 percent of its budget next year, according to preliminary estimates from the city’s financial services department. The city’s 2010 budget totals $134 million. Amendment 60, Amendment 61 and Proposition 101 would limit local and state governments’ ability to withhold property tax surpluses or go into debt and would decrease certain taxes and eliminate others on select items.