Colorado braces for deeper cuts as budget gap grows to $1.5B
TL;DR
Colorado's budget shortfall for 2026-27 has swelled to more than $1.5 billion, driven by weaker tax receipts and rising Medicaid costs. The Joint Budget Committee is trimming programs while weighing different revenue forecasts from legislative staff and the governor's team, and the surplus allowed by TABOR cannot be used to close the gap. Even so, forecasts suggest a remaining cushion that could cover the constitutionally required property tax relief, but lawmakers face a difficult, fast-moving week to finalize a balanced plan.
- Colorado’s state budget shortfall grows to more than $1.5 billion, forcing legislature to make much deeper cuts The Colorado Sun
- Colorado's budget deficit grows in the latest economic outlook Axios
- Caregivers for people with disabilities brace for cuts as Colorado lawmakers balance a billion-dollar budget hole KUNC
- Colorado budget committee review state's $1.5B deficit The Center Square
- Colorado parent caregivers face uncertainty as committee approves 56-hour weekly cap KOAA News 5
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