Schools could get short-changed in budget battle

By Randy Wyrick

EAGLE COUNTY — State lawmakers will have nearly $50 million more in tax revenue than they thought they’d have, but local schools probably won’t see much of it.The Colorado Legislative Council and Office of State Planning and Budgeting released their March revenue forecasts, saying they show continued strong economic growth.Legislative Council chief economist Natalie Mullis told the Joint Budget Committee that 2014-15 revenue was expected to be nearly $50 million more than budgeted.However, Mullis doused any legislative dreams of spending the money, saying TABOR refunds would probably consume all of that and moreColorado’s Taxpayers Bill of Rights, or TABOR, caps …

Source:: Vail Daily Feed