Colorado stands to receive more than $7 billion in tax cuts and new government spending over coming years as part of a $787 billion stimulus package signed into law last month. Among Colorado’s highlights:
— $1.9 billion in tax credits for businesses that create jobs
— $1.2 billion to lower the amount taxpayers owe through the federal Alternative Minimum Tax
— $830 million for Medicaid assistance
— $248 million for extended unemployment insurance benefits
— $611 million to help the state meet its budget
— $507 million for roads and mass transit
— $249 million for Pell Grants
— $180 million for bigger food stamp allotments
— $127 million for public schools that serve at-risk students
— $82 million to make low-income homes more energy efficient
— $66 million for improvements to water and sewer systems
— $54 million for an increase in the federal Earned Income Tax Credit
— $9.4 million for technology improvements in schools
— $8 million for Head Start pre-kindergarten programs
Sources: Senate Appropriations Committee, Center for American Progress
