An interesting solution to a gigantic problem…Not surprisingly the agency that would lose the $500 million is opposed to the solution.  From Denver Post:

State lawmakers are proposing $300 million in cuts to higher-education spending as a means of forcing an agency that sells workers’ compensation insurance to cough up $500 million.

The move Wednesday by the Joint Budget Committee came the same day lawmakers were told that a Colorado Supreme Court ruling last month upholding a mill-levy freeze also gave them broad discretion to eliminate tax exemptions and tax credits. Some Republicans called that authority “dangerous.”

The JBC on Wednesday substantially finished filling the $766.4 million hole in the state’s next budget year, which begins in July. The week before, the six-member panel had finished balancing the budget in the current year, which was nearly $800 million short.

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