PERA members, retirees — not Colorado taxpayers — should pay to fix pension, governor says in his $28.7B budget
November 2, 2017
Colorado Gov. John Hickenlooper on Wednesday unveiled a budget plan that calls on retirees and public employees to bear the brunt of looming changes to the state pension fund, arguing that taxpayers have already contributed enough to the retirement system in recent years.
The $28.7 billion spending road map — a 3.6 percent increase over this year — also calls for a 3 percent pay hike for most state employees, a sizable boost to higher education spending aimed at reining in tuition costs, and for socking away more money in the state's reserves, which lawmakers have been dipping into for years to make ends meet.
First elected in 2010, the term-limited Hickenlooper's time in office will come to a close at the beginning of 2019. Already, he's facing an exodus of Cabinet members — but earlier this week he pledged to finish his time in office on a high note.
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