Colorado faces nearly $1 billion budget shortfall due to federal tax changes
TL;DR
Colorado must cut about $1 billion from its current budget due to revenue reductions caused by the recent GOP federal tax and spending bill, which mirrors federal tax law and impacts state income and corporate taxes, leading to a significant budget shortfall that requires legislative action.
Topics:nationgovernment#budget-cuts#colorado-budget#federal-tax-bill#government#state-revenue#tax-policy
- Colorado lawmakers must cut $1 billion from state’s current budget because of GOP federal tax and spending bill coloradosun.com
- Colorado faces new $1.2 billion budget shortfall: 'No money to pay our bills' Denver7
- Colorado budget faces $1 billion shortfall due to federal tax changes KUSA.com
- Colorado lawmakers must close new budget gap — reaching nearly $1 billion — caused by Trump tax bill The Denver Post
- Budget director says Colorado is facing another big budget gap KDVR
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