All budgets are ultimately precarious assumptions

The booklet with instructions for individual income tax (Colorado Department of Revnue Form 104) has a disclosure of Colorado Revenues and Expenditures on page 2. is disclosure was not done very well and the state government admits this themselves because on the revenue side, the total amount of revenue sums up to 102.8%. e state says this error is due to rounding. Regardless, this disclosure (which is in the form of a pie chart) is interesting because of what it tells you about revenue sources.

e largest form of revenue for the state of Colorado is from “Federal Grants and Expenditures.” at category totals 42%. Taxes total only 37.3%. Since the federal government is Colorado’s largest landowner someone must maintain the wilderness and park areas around the state and it would be reasonable to presume that the federal government contracts with

JOE WEBB

the state to maintain land holdings within the state and pays Colorado to maintain that land. is is but one example. Other unfunded mandates exist.

sighted because the retort presumes that all expenditures by Colorado state government are necessary and essential. ey are not. In a budget where 38.3 billion in government expenditures exist somewhere at least a few of those expenditures are not essential.

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Land maintenance is probably just one of many things that Federal money accomplishes in our state. But an uncomfortable question needs to be asked. What if federal money were to disappear from Colorado revenue sources in part or compeletely for one reason or another? What then?

e question is important because when proposals were oated for cutting other revenue sources like eliminating the individual income tax the retort was made, how will you make up the funding. at retort is short

LINDA SHAPLEY Publisher lshapley@coloradocommunitymedia.com

MICHAEL DE YOANNA Editor-in-Chief michael@coloradocommunitymedia.com

LINDSAY NICOLETTI Operations/ Circulation Manager lnicoletti@coloradocommunitymedia.com

DONNA REARDON Marketing Consultant dreardon@coloradocommunitymedia.com

When a family has a breadwinner thrown out of work cuts are made in the household budget until employment for operating the household is secured. Privations are endured. If Colorado were to completely or partially lose the federal government’s monetary input into our state budget cuts would be inevitable in some areas. Taxes would probably be raised on individuals and businesses to make up the shortfall. Tuition would probably be raised across the board at all state supported institutions of higher learning. To summarize, there would be pain across the board and it would a ect all Coloradoans in one way or another.

KRISTEN FIORE West Metro Editor kfiore@coloradocommunitymedia.com

DEB HURLEY BROBST Community Editor dbrobst@coloradocommunitymedia.com

RUTH DANIELS Classified Sales rdaniels@coloradocommunitymedia.com at is because all budgets, whether at the family level or at the state level are ultimately precarious assumptions. ey are based on the plan that some source of revenue will always be there regardless of circumstance. Basing future plans on something that may disappear is reckless. Acknowledging that a source of revenue may disappear and planning in case it does disappear is the wiser course of action. It used to be called “saving money for a rainy day.” While the Colorado Reserve Fund or the “rainy day fund” does exist, I would argue that it is inadequate for major drops in revenue that could occur. When conservatives attempt to restrain government spending it is not because we wish to help no one. We recognize that funding sources for programs can dry up. ere are a number of di erent ways

SEE WEBB, P9

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