DENVER (AP) Colorado Gov. John Hickenlooper wants to increase education funding and stabilize state pensions in his proposed budget for the next fiscal year.
Hickenlooper released his $30.5 billion budget plan on Wednesday. Lawmakers will consider the proposal for the fiscal year that begins July 1 when they convene in January.
The plan is roughly $1.1 billion, or nearly 4 percent, larger that the state's current budget.
Unlike last year, it foresees no budget shortfall, thanks in large part to a new law that allows the state to keep millions of dollars in additional revenue each year. Colorado's sustained economic growth also is contributing to a healthier budget picture.