ACTIVISTS CALLING FOR CAMPAIGN FINANCE LIMITS
A group of campaign finance activists rallied in Denver yesterday to call for new limits on campaign funding. The activists marked the third anniversary of a Supreme Court decision that declared that corporations enjoy the same First Amendment rights to free speech as individual citizens and can therefore spend as much as they want to try to influence elections. Colorado voters last year overwhelmingly approved a ballot measure seeking an amendment to the U.S. constitution to address the finance ruling. So far, most members of Colorado’s congressional delegation haven’t brought up that idea. The Saturday rally started at the Capitol building. Participants walked to a plaza of the U.S. Federal Reserve.
STATE TO LOSE MILLIONS OVER FISCAL CLIFF DEAL
Colorado state government stands to lose $45 million in the current fiscal year and $100 million in the next one because of tax changes included in the federal fiscal cliff agreement. The revenue cuts will come in estate tax revenue. Last month, state officials projected that state tax revenue would be $159 million more than expected in the current fiscal year as the economy improves and $142 million more than expected in the next year. Officials say the decline in estate tax revenue means this year’s revenue will be $114 million more than projected and next year’s would be $42 million. That will affect discussions over which programs should get additional revenue, including education and tax relief for the poor.
UNEMPLOYMENT RATE DROPS, AS DOES NUMBER OF COLORADO JOBS
The most recent economic data from the U.S. Bureau of Labor Statistics show a decrease in the state unemployment rate from 7.7 percent in November to 7.6 percent in December, which is the lowest unemployment rate since February 2009 when the state’s unemployment rate was 7.2 percent. Furthermore, the most recent decline in the unemployment rate seems to be a result of positive movement in the labor market. During the month of December workers entered the labor force, and according to one measure, employment increased. That said, the other common measure of employment showed a slight decrease in the number of jobs in Colorado. The national unemployment rate remained at 7.8 percent through the month of December. Also, enrollment in public assistance programs increased during December as Medicaid, CHP+ and the SNAP program saw increases in enrollment.
The Hayden boys beat Hotchkiss (58-44) and Paonia (67-66), while the girls lost to both (56-19; 59-18).
The Soroco boys defeated Paonia (71-70) and lost to Hotchkiss (63-56), while the girls lost to both (74-36; 62-36).
The Meeker boys and girls beat West Grand (boys= 60-54; girls= 68-28). The girls also beat North Park (55-29).
The Moffat County boys and girls topped Basalt (boys= 75-50; girls= 72-28), and Cedaredge (boys= 71-41; girls= 59-33).
The Little Snake River Valley boys and girls beat Rangely (boys= 60-50; girls= 46-32). The boys also beat Saratoga (59-49).
The Rangely boys beat West Grand (37-33).
At the Green River Duals, Moffat County lost to Lander Valley (46-36), Riverton (59-18), Uintah (70-12) and Central (63-12). They beat East (48-33).
Steamboat topped Battle Mountain (2-1) and Kent Denver (6-3).