View the original

Gov. Bill Ritter on Wednesday appointed a committee to oversee spending of Colorado's share of the federal stimulus package.

The state is estimated to receive some $2.8 billion in federal funds over the next several years, but officials are still analyzing specific amounts that could be used for education, health care and other needs to balance the state budget.

"The recovery act presents an extraordinary opportunity to strengthen Colorado's economy and create new jobs all across the state," Ritter said in a statement. "With this opportunity also comes a need for additional monitoring to ensure the funds are invested effectively, efficiently and wisely, and with an unprecedented level of oversight, transparency and accountability.