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.

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