News - Local
Colorado has spent a fifth of its stimulus dollars
Posted: Oct 27, 2009 5:12 PM by Associated Press
Colorado has spent about a fifth of its money coming from the federal stimulus law.
State officials announced Tuesday that the state has already spent about $345 million in stimulus money on wide-ranging projects from boosting food stamp payments to paying the salaries of public employees who might otherwise have been fired because of falling tax receipts.
Colorado expects to receive about $1.6 billion from the stimulus law. Authorities say that figure will balloon to about $5.7 billion considering payments that won't come through the state, plus tax cuts.
Colorado's stimulus oversight agency released stimulus data Tuesday before a larger federal report on the status of the stimulus is released Friday.
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