Stability Through Tobacco

Albanese, Elizabeth
December 2004
Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p1
Trade Publication
The article reports that Colorado Governor Bill Owens has proposed a five step proposal that will stabilize the budget. The proposal includes $1.7 billion of bond-funded transportation projects and an approximately $850 million sensitization of the state's share of the 1998 Master Settlement Agreement with the tobacco industry. This would be the first time Colorado has sold any bonds backed by its estimated $2.5 billion share. Lawmakers have been forced to write creative accounting and sharp program cuts into their budgets since 1992 Taxpayer Bill of Rights.


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