The vote was nearly unanimous Thursday with only one lawmaker out of 65 voting no. The budget heads to the Senate, which could debate it next week.
The budget also includes a retooling of the governor's energy office, $3 million to increase tax incentives for film production, and the closure of a solitary confinement prison in southern Colorado.
An improving economy made it easier for lawmakers to agree on what appeared to be tough choices, most notably the tax exemption for seniors. Schools also don't face cuts, unlike recent years.
(Copyright 2012 by The Associated Press. All Rights Reserved.)