quote:Originally posted by jeremykspk
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Republican Senator Norma Anderson, of Lakewood, Friday, introduced a ‚€œtobacco securitization‚€� bill to sell Colorado‚€™s future tobacco settlement payments to bond investors for approximately $950 million.
Under Anderson‚€™s SB203, future tobacco settlement payments would be given up for the smaller lump sum payment now. The total payments are estimated to be $2 billion over the next 20 years; however, the state could use $82 million of the money now to balance the state budget without further cuts. Anderson‚€™s bill would also earmark money for specific programs besides putting the majority of the money in a ‚€œrainy day‚€� fund. State Treasurer Mike Coffman, however, issued a statement on Friday that the timing may not be right for selling the future payments currently. It was Coffman who first proposed tobacco securitization back in 1999. Coffman said that currently tobacco bonds are already rated at the lowest level for investment grade bonds.
Kevin Pacheco, 19, of Del Norte, was sentenced on Friday to five years in prison for mailing child pornography in the U.S. mails.
Pacheco told U.S. District Judge Robert Blackburn that it wasn‚€™t fair. He said that he was sorry for what he had done and that he would never do it again. Judge Blackburn told Pacheco that the length of his prison term is a mandatory minimum sentence under federal law. Pacheco was caught in July of last year in an internet sting when he mailed a CD-Rom containing more than 300 images and video clips of minors engaging in sex acts to an undercover U.S. postal inspector. The inspector had posted an internet message saying he has such material and asking anyone with similar interests to contact him. Because Pacheco was tried in federal court, there will be no early release on parole from his prison term.
An unidentified, 48-year-old, Colorado City Man died Friday after an apparent fall at Graneros Gorge.
The man‚€™s name has not been released pending notification of next of kin. He was reported missing Thursday after he didn‚€™t show up for work on Thursday. A co-worker found the man‚€™s pickup truck parked near the Gorge on Friday and notified police who discovered the man‚€™s body about 125 feet below a rocky cliff at the gorge‚€™s east side. The Rye Fire Department and the Sheriff‚€™s Department recovered the body using rock-climbing gear and a winch. Circumstances concerning the death are unclear and nothing has been ruled out. The investigation into the incident is continuing.
The Monte Vista Chamber of Commerce wants you to know that due to circumstances beyond its control the San Luis Valley Sports and Travel Expo has been cancelled for April 3rd and 4th at Ski-Hi Park.
The Monte Vista Chamber of Commerce and the committee apologize for any inconvenience.
Beginning today, the City of Trinidad will be closing Commercial Street at the Cedar Street Intersection to allow for the removal of the temporary gravel base and the installation of a permanent concrete sub-base and historic brick pavers.
Access to all businesses on Commercial Street will be maintained throughout the project. Traffic should use Animas Street, College Street, or Convent Street during the project with good weather the intersection should be reopened to traffic within ten days.