Colorado lawmakers return to tackle $3.3 billion budget hole

Colorado News
Colorado Bills to Help Businesses

DENVER (AP) — When Colorado’s Democrat-led Legislature returns to work Tuesday it will need to consider dozens of sacrifices brought on by the coronavirus.

Economic fallout from the pandemic is forcing a 25% cut in next year’s general fund spending, with virtually every revenue source in free-fall decline. Lawmakers are looking at drastic cuts to K-12 and higher education funding while seniors could lose tax breaks on their homes. The top priority is passing a balanced budget for the fiscal year starting July 1. That will temper Gov. Jared Polis’ goal of delivering universally available health care and reducing its cost.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Don't Miss