By Brian Eason | The Colorado Sun
Colorado budget writers may be headed back to the drawing board.
Slower population growth and rising fee revenue could trigger upwards of $300 million more state taxpayer refunds than expected in the current budget year, under economic forecasts presented to the Joint Budget Committee on Friday.
The latest forecasts leave top lawmakers well short of what they expected to be able to spend in next year’s budget, with less than a week left to finalize the 2024-25 spending plan before it has to be submitted to the General Assembly for consideration.