STATE BILL COLORADO

Gov. Bill Ritter will hold a 1:30 p.m. Friday news conference to announce a new budget-balancing plan for the current 2010-11 fiscal year.

The balancing plan follows last month’s quarterly revenue forecast, which showed that revenues continue to lag projections because of the recession, the governor’s office said.

Since 2008, Gov. Ritter and lawmakers have cut spending and closed shortfalls of nearly $4.5 billion.

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