This is a Colorado issue, however I believe that any state that has a dem majority controlling its budget, can end up in the same boat.
Basically Colorado has a 1.4 billion shortfall in its budget. So to try and balance its budget it is planning on seizing $500 million from a workers compensation fund. PInnacol has managed this fund successfully and currently has a surplus. So to reward this success, the state is seizing its funds to pay for other shortfalls. Its sheer lunacy!
Quote from above link:
Sen. Shawn Mitchell, R-Broomfield, said Democrats were holding hostage higher education in exchange for the Pinnacol money, which he called "a plundering of private property."
"This is Hugo Chavez legislation," Mitchell said, referring to the Venezuelan president. "If a company is highly profitable, let's nationalize it."
BTW, here in Colorado each and every business and employer pays into this fund - for worker's comp! It was never intended to be used by the politicians to fund OTHER areas, like higher education.