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Three of the voter initiatives that will appear on the November ballot sure sound attractive. Among other things, they promise to lower state income taxes, eliminate vehicle-registration fees, require government-owned authorities to start paying property taxes and forbid the state from assuming debt of any kind. What’s not to like? A lot, it seems. Critics […]
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Colorado voters were deciding a crucial test for schools Tuesday in the nation’s only statewide tax question on ballots this fall. The proposal to increase income taxes and sales taxes for five years to raise nearly $3 billion to shore up schools buffeted by years of budget cuts was far from certain. Some considered it […]
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The Colorado legislature passed a bill during its special session that aims to return the state’s Unemployment Insurance Trust Fund to solvency. The bill will allow employers to borrow money at about 1.5 percent through bonds from private investors to pay federal debt in the fund. “Right now the unemployment insurance trust fund is about […]
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Farm-state lawmakers are moving to create a whole new subsidy that would protect farmers when their revenue drops — an unprecedented program that critics say could pay billions of dollars to farmers now enjoying record-high crop prices. The subsidy, free insurance that would cover farmers’ “shallow crop losses” before their paid insurance kicks in, has […]
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The state has revoked the license of a Texas-based securities brokerage firm, according to the Colorado Banking and Securities Commission. O&G Securities was sanctioned as a result of a state investigation that alleged the company was illegally offering unregistered securities to Colorado investors. One of its principals, Mary Martha Simpson, also had her license revoked. […]
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China, the biggest buyer of U.S. Treasury debt, increased its holdings in May for the second straight month, after five months of declines. Total foreign holdings of Treasury securities also rose, as Japan and the United Kingdom, the second and third-largest overseas owners of Treasurys, boosted their stockpiles. China’s U.S. debt holdings increased $7.3 billion […]
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If you were given the task of creating a new governance model for Colorado, you might well discard the entire existing system.
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It’s never easy for elected officials in Colorado Springs to give employees a raise, especially when the employees in question are senior executives. That’s particularly true in today’s local economic environment, where unemployment remains high, underemployment is common, and many residents find themselves with depleted savings and diminished paychecks. City Council refused by a 5-4 […]
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The government’s ban on non-essential travel not only is harming international collaboration and local economies around the nation, many claim it’s hurting scientific progress as well. And it has led an unlikely group in Colorado Springs to pledge to work for a more diverse local economy. This time, it’s the Convention and Visitors Bureau. [pullquote] […]
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The dollar is falling against the euro and most other major currencies ahead of a meeting of European Union leaders. Investors expect that the summit, taking place Thursday, will produce some sort of agreement to help stem the region’s debt crisis. Talks will focus on a new aid package for Greece and ways to stop […]
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A few declined to comment on the ballot issues because they were not well informed about those issues, but those who were knowledgeable had a lot to say. Here’s what they said about these issues. Rocky Scott, Chief Executive Officer, Economic Development Corporation Amendment 28 “This amendment makes it convenient for people to vote, and […]
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The Bureau of Land Management is holding a hearing next month on allowing the Army to continue using the Pinon Canyon training site. The Aug. 2 hearing is part of periodic review. The hearing does not include any consideration of whether Pinon Canyon will be increased at some future time. The Army’s efforts to expand […]
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