Colorado ranks close to the bottom in higher education spending, with large spending cuts and tuition increases over the past five years. Last Thursday Colorado Governor Bill Ritter announced a ballot initiative to create the Colorado Promise Scholarship Fund by eliminating tax credits for oil and gas drilling in the state.  The chair of the Associated Students of Colorado, a statewide student government association, praised the initiative and commended the state for taking steps to ensure access to Colorado’s Universities.  Students and University Presidents were also quick to point out that the scholarship fund is good but will not solve Colorado’s higher education funding crisis.

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