Tag: Economic Mismanagement

By Brandon Richard | Denver7 News State lawmakers will likely return to the Colorado Capitol for a special session to address the budget shortfall. DENVER — For the second time this year, Colorado is facing a massive budget shortfall, and the legislature’s top Democratic leaders blame President Donald Trump’s "big, beautiful bill." State budget officials released new projections on Wednesday, showing the current budget is suddenly $1.2 billion in the red. “Right now, we don’t have the cash to pay our bills,” Colorado budget director Mark Ferrandino told lawmakers. "We are talking about a budget and a revenue shortfall equivalent or greater than what we saw during the Great Recession." Some lawmakers were left shell-shocked and worried for Coloradans struggling to make it. ...