By Marianne Goodland | Colorado Politics
Between March 15 and March 21, the six members of the Joint Budget Committee — the group of lawmakers in charge of drafting Colorado’s spending plan — found themselves with a problem.
With just over a week before the introduction of the state’s 2024-25 budget, new revenue forecasts showed they had a hole to plug, with estimates ranging from $160 million to $225 million, depending on which forecast was used.
Unlike the federal government, Colorado’s budget drafters must come up with a balanced budget.