Rocky Mountain Voice

Tag: Budget deficit

Lawmakers Pass The Buck On Budget Deficit Leaving Decisions To Governor Polis
State, Approved, The Gazette

Lawmakers Pass The Buck On Budget Deficit Leaving Decisions To Governor Polis

By Marianne Goodland | The Gazette Most measures introduced for special session offer no clear plan to solve budget deficit. More than two dozen bills have been introduced ahead of Thursday’s special legislative session, where lawmakers will try to come up with nearly $800 million in budget cuts. What’s notably absent from the proposed bills so far is any clear plan for how those cuts would be made. Indeed, only one bill even hints at specific reductions — a proposal from Western Slope lawmakers to cut $264,000 from the state’s wolf management program and redirect that money to help pay for health insurance subsidies. There are two bills, similar in some regards, from members of the Joint Budget Committee, that deal with Gov. Jared Polis' authority to enact spending cuts whe...
From $6B to $950M: Denver’s ‘Vibrant’ bond trims housing while boosting cultural projects and road funding
Denverite, Approved, Local

From $6B to $950M: Denver’s ‘Vibrant’ bond trims housing while boosting cultural projects and road funding

By Kyle Harris, Andrew Kenney | Denverite The Denver City Council made final changes to the debt proposal, which is likely heading to voters this November. Denver City Council members made tens of millions of dollars of changes to the Vibrant Denver bond proposal on Monday night. The council added funding for traffic calming measures for two major avenues, but reduced funding for affordable housing. The final package also includes more funding for an American Indian Cultural Embassy. The proposal would ask Denver voters this November to approve $950 million of debt funding for nearly 60 infrastructure projects, ranging from rebuilding bridges to building new parks and maintaining cultural attractions. On Monday, city leaders added: $15 million in funding for an Amer...
Colorado’s Medicaid growth is colliding with fiscal reality
Rocky Mountain Voice, Approved, State, Top Stories

Colorado’s Medicaid growth is colliding with fiscal reality

By Shaina Cole | Contributing Writer A new report from the Common Sense Institute (CSI) warns that Colorado’s Medicaid program is on an unsustainable path—driven by rapid expansion at the state level and compounded by shrinking federal support. The warning comes as lawmakers prepare for a possible special session to address the state’s growing budget deficit. State policy has driven major cost growth Since 2019, Colorado has enacted 182 healthcare-related laws, with 21 of them expanding Medicaid eligibility or benefits. According to CSI’s July 2025 report, these expansions alone add approximately $158 million in recurring annual state costs. In total, the new legislation contributes around $858 million per year in additional Medicaid-related spending. Only 36% of that new spend...
Musk rips House-passed ‘Big Beautiful Bill’: “Disgusting abomination”
Approved, Daily Wire, National

Musk rips House-passed ‘Big Beautiful Bill’: “Disgusting abomination”

By Daniel Chaitin | Daily Wire "Shame on those who voted for it." On Tuesday, tech billionaire Elon Musk unleashed his ire at the House-passed version of the “One Big, Beautiful Bill,” which has the blessing of his former boss, President Donald Trump. The massive bill, which is now being considered by the Republican-led Senate, contains many provisions in line with Trump’s second-term agenda, but also is estimated to add trillions of dollars to the national debt, already nearing $37 trillion. “I’m sorry, but I just can’t stand it anymore,” Musk said in a post on X. “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.” He added in another post, “It...
Denver approves executive pay hikes while facing budget shortfall and reserve drop
Approved, Local, Rocky Mountain Voice, Top Stories

Denver approves executive pay hikes while facing budget shortfall and reserve drop

By Shaina Cole | Contributing Writer, Rocky Mountain Voice A set of salary increases for top Denver officials is drawing criticism, as the city faces continued financial strain and modest pay growth for most employees. The raises are included in the 2025 budget—totaling $1.76 billion—which the Denver City Council approved on November 12, 2024.  On May 6, the City Council’s Finance & Governance Committee approved nearly $500,000 in pay increases for 12 charter-appointed department heads. These changes are expected to add over $216,000 to general fund expenditures this year, with individual increases ranging from 4% up to an eye-catching 43%. The new salaries are scheduled to take effect on July 1. The move has sparked frustration among some observers, who point to small...