Governor orders hiring freeze
The Associated Press
Aspen, CO Colorado
DENVER ” Saying uncertain economic times require tough measures, Gov. Bill Ritter announced a freeze on hiring new state employees on Thursday and ordered a halt to new construction.
It was a major reversal for Ritter. On Monday he said it was too early to begin slashing the state budget before Congress approves a bailout of the financial industry.
Ritter says he was persuaded to change his mind by a grim speech by President Bush about the country’s economic future if a bailout agreement is delayed. He said Thursday it’s only prudent for the state to begin cutting back now to be prepared if revenues decline.
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