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Colorado state budget needs modest cuts this year
Crisis looms in 2011-12

From The Durango Herald News:

The good news: State government should be able to make it 10 more days, to the end of its budget year, with money in the bank.

The not-so-good news: In August, Gov. Bill Ritter will have to declare a fiscal emergency to propose an additional $75 million in cuts.

And the bad news: The end of the federal stimulus bill will require a predicted $687 million to be cut from the 2011-12 budget - nearly 10 percent.  Read more.

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