When talking politics or economics, it's usually a powerful rhetorical tactic to compare our own Colorado to California - especially these days. In that light, here's a fitting and timely reminder from state senator Ted Harvey:The lesson Colorado’s legislators must learn from this recession is clear: fiscal responsibility works. Even though the legislature collectively fell short of creating a rainy day fund, TABOR and the Arveschoug-Bird 6% spending cap forced Colorado legislators to keep spending low. Had the government enjoyed free rein in ramping up spending – which is a great temptation to many lawmakers tasked with spending other people’s money – Colorado’s budget crisis would be as serious as California’s. [emphasis … [Read more...]
Colorado Senate Democrats Flee from True School Financial Transparency
Last night I told you about the inspiring testimony of citizens in support of financial transparency for Colorado schools. Today, it was the legislators' turn to do the damage. And damage they did:Senator Bob Bacon introduced an amendment that establishes a “voluntary pilot program†for transparency. It passed and is now on its way to the full floor of the Senate. Senator [Ted] Harvey asked to open up the bill for additional testimony since it had been altered dramatically. Bacon, chair of the committee, said no. Senator Harvey also tried to kill his own bill. Harvey did say he would bring the bill back next year. Bacon, a former educator, used words like “cruel†and “fear†to describe how school districts may respond to … [Read more...]