The state of Colorado will end its budget year June 30 with a deficit of as much as $164 million, forcing it to dip into its reserves as it heads into an election cycle fraught with financial uncertainty.
The state government owes Colorado taxpayers an extra $34 million in refunds it should have sent out years ago, legislative budget staff told lawmakers Friday, blowing a hole in the state’s budget with just days left in the 2024 legislative session.
Gov. Jared Polis on Monday signed the state’s $40.6 billion budget for the next fiscal year, which includes $2 billion more in spending.
After weeks of debate and over two dozen amendments, Colorado budget writers Wednesday put the finishing touches on a $40.6 billion budget that increases spending on state workers, health care services, K-12 and higher education.
Colorado’s $40.6 Billion budget is nearing final passage. Here’s what’s in it. Read More »
Between March 15 and March 21, the six members of the Joint Budget Committee — the group of lawmakers in charge of drafting Colorado’s spending plan — found themselves with a problem.
Colorado lawmakers adopt cuts, hard choices as state faces $170 million budget shortfall Read More »
