DENVER – Colorado Attorney General John Suthers issued the following statement regarding today’s decision by the Colorado Supreme Court in the case Barber v. Ritter:
“I am pleased that the Court has agreed with the State’s position that the Legislature has the authority to move tax dollars among different funds within the state budget to deal with fiscal concerns. I greatly appreciate the hard work of the individuals in my office who successfully articulated the State’s position in this case.”
The case centered on the question of whether the Colorado Legislature has the authority to transfer monies from special cash funds into the General Fund without taxpayer approval. The Court held that the Legislature did not violate the constitution when it transferred $442 million from thirty-one specialized funds in 2001 and 2004 to deal with a budget shortfall caused by the economic downturn after 9/11.