After years of cutting, Colo. lawmakers now plan to spend

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Photo: Colorado Capitol dome 2State lawmakers are apparently feeling more bullish these days. With the economy recovering – and revenue projections up – they’re planning to spend more money in the next budget.

Last week, the spending plan passed the Colorado House of Representatives, and now it's headed for a vote in the Senate.

The budget includes an historic increase in funding for colleges: $100 million a year for financial aid and general operations. It also includes more money for public K-12 schools.

And the state also put more money toward a so-called rainy day fund in case the economy starts to falter.

The budget will be finalized in June and will take effect in July.