Posted: Oct 22, 2010 6:41 AM by Bea Karnes, News First 5
Updated: Oct 22, 2010 6:58 AM
DENVER (AP) - A planning committee warns that Colorado voters and taxpayers need to come up with more money for higher education or the system is going to collapse.
Committee co-chair Jim Lyons says options include raising taxes, providing more state funding, charging higher fees for graduate programs and consolidation of programs. Lyons says the minimum to avoid losing ground is continued state funding of $760 million.
Lawmakers are considering cutting next year's state funding to $550 million to deal with a $1.1 billion revenue shortfall.
Lyons says without more money, Colorado will be less competitive in a global economy and graduates won't be able to find the jobs that they want.