Annual budget signed into law

Posted

Gov. John Hickenlooper signed into law a $24 billion state budget on April 30 that includes increased funding for education and disaster relief.

The annual long bill replaces some of the education funding that was lost during recession years and pumps $100 million into the higher education system.

The budget also includes about $21 million that will go toward the leasing or purchasing of an aerial firefighting fleet. In addition, money will be set aside to provide assistance for those who are impacted by wildfires and flooding.

Rainy day funding will jump from 5 percent to 6.5 percent, under the new budget.