By Brian Eason | The Colorado Sun
Colorado’s looming budget shortfall just keeps getting worse.
In a letter to the Joint Budget Committee this week, state officials said Colorado will need to spend an additional $73 million on Medicaid this budget year, which ends June 30, as demand for health services continues to surge beyond the administration’s expectations.
Costs are expected to continue to rise next budget year, when the state now expects to spend $86 million more than previous estimates.