Colorado ranks near the bottom nationally for higher education funding. And colleges and universities are bracing for yet another round of deep budget cuts. It’s thought that most could see anywhere from a 15-20% cut later this spring, as federal stimulus money that had staved off layoffs and further tuition increases runs out.
Colorado lawmakers have been in session for just shy of one month. And unlike years past, things have been fairly quite so far. But that’s likely to change next week when Governor John Hickenlooper releases his budget and plans to make up for an estimated $1.1 billion shortfall.
Colorado’s Joint Budget Committee must fill an estimated $1.1 billion budget gap which will likely translate into deep cuts to many programs including safety net services for lower income individuals. Supplemental money that would continue a free breakfast program for needy kids through the end of this school year has already been targeted by the JBC amid controversy.