Rocky Mountain Voice

Tag: Budget Bill

Colorado lawmakers pass budget cutting roads, aid to keep health care afloat
Approved, State, The Colorado Sun

Colorado lawmakers pass budget cutting roads, aid to keep health care afloat

By Brian Eason | Colorado Sun Colorado lawmakers on Monday gave final approval to a $43.9 billion spending plan that cuts funding for transportation projects, local governments and dozens of social programs in order to keep up with the rising costs of health care and education. But as difficult as this year’s budget was, there was widespread acknowledgement that — one way or another — the state’s financial picture is only expected to get worse from here. “Next year is going to be very bad,” said Sen. Jeff Bridges, the Greenwood Village Democrat who chairs the Joint Budget Committee. “The cuts will be much more deep and much more painful.” The main budget bill passed the state House 43 to 21 and the Senate 24 to 11, with most Republicans opposed. From here it heads to Gov. Jared...
House approves $44B budget, GOP spending cut efforts rejected
Approved, denvergazette.com, State

House approves $44B budget, GOP spending cut efforts rejected

By Marianne Goodland | Denver Gazette Colorado state House legislators on Wednesday debated and advanced a $44 billion spending plan for the next fiscal year. They also approved 63 "orbital" bills designed to change state law in order to balance the state budget. As introduced, the fiscal year 2025-26 budget stands at $43.9 billion, including $17 billion in general funds and $14 billion in federal dollars. General funds are the discretionary dollars, derived from individual and corporate income taxes, as well as sales and use taxes. Cash funds make up the rest, about $12.8 billion. Lawmakers' biggest hurdle is closing a $1.2 billion general fund shortfall, driven by higher-than-expected Medicaid costs and a structural deficit. The first act of the House was to rout...
Trump budget bill extending first-term tax cuts survives House vote
Approved, Fox News, National

Trump budget bill extending first-term tax cuts survives House vote

By Elizabeth Elkind  | Fox News The House of Representatives has adopted a resolution that will eventually become a massive multi-trillion-dollar bill full of President Donald Trump's priorities on the border, defense, energy and taxes. In a major victory for House GOP leaders, the resolution passed in a 217 to 215 vote. All Democrats voted against the measure, along with lone Republican rebel Rep. Thomas Massie, R-Ky., who was concerned about its effect on the national deficit. READ THE FULL STORY AT FOX NEWS