Colorado Budget Gap Swells To $1.5 Billion As Lawmakers Brace For Cuts
By Nick Coltrain | Denver7
New forecasts set the stage for the final push on the state budget.
DENVER — The fiscal picture for Colorado’s state government has somehow gotten even murkier — and potentially much worse.
Lawmakers walked into Thursday’s key economic forecasts pessimistic about what the reports would tell them about the state budget. They walked out of it with one forecast warning they now needed to close a $1.5 billion deficit in the next week or so, an increase over the $1 billion prediction from just a few days earlier. That does not account for some cuts the committee has proposed but not yet finalized.
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