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Tag: Economic Outlook

State Budget Passes With Medicaid Reductions And Broad Spending Cuts
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CBS Colorado, Approved, State

State Budget Passes With Medicaid Reductions And Broad Spending Cuts

By Shaun Boyd | CBS Colorado The state Senate gave final approval Thursday to a new state budget. It came in at just under $47 billion, an increase of about $3 billion over last year. The discretionary portion of the budget -- the general fund -- is $17.4 billion. While lawmakers avoided cuts to K-12 education and higher ed, most state departments saw reductions, with the agency in charge of Medicaid taking the biggest hit. Medicaid spending makes up about 40% of this year's budget. It has been increasing dramatically over the last few years, in part because the legislature has expanded the services it covers. READ THE FULL ARTICLE AT CBS COLORADO
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Colorado Businesses Warn State Policies Threaten Economic Future
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DENVER7, Approved, State

Colorado Businesses Warn State Policies Threaten Economic Future

By Dan Grossman | Denver7 The sentiment comes from the latest Colorado Businesses Roundtable fall outlook survey and points to Colorado's affordability issues and regulatory environment. DENVER — Colorado businesses said they’re almost twice as worried about our state’s economic future as they are about the nation’s. This is from the Colorado Business Roundtable survey that just came out. The survey asked 50 business executives about what’s concerning them. The responses point toward Colorado’s affordability issues and policies supporting workers. “What we've been seeing over time is really the layering on effect of regulation, rules for businesses that really add a cost of doing business to Colorado,” Colorado Business Roundtable President Debbie Brown said. “When the eco...
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Summer school session: Lawmakers flunk budget basics—less tax revenue and more deficits to come
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denvergazette.com, Approved, Commentary, State

Summer school session: Lawmakers flunk budget basics—less tax revenue and more deficits to come

By Gazette editorial board | Commentary, Denver Gazette Like slacker students who flunked a course and had to make it up in summer school, Colorado state lawmakers who were summoned back to the Capitol last month — to patch a gaping hole in the current state budget — knew they had gathered under a stigma. Convened by Gov. Jared Polis, they sullenly filed into the building with their heads down. It was nothing to be proud of. And when they had wrapped up the session days later, there was little to celebrate. They knew they were doing makeup work, atoning for their behavior during the regular session — and the session before that, and the one before that. And while they tried to blame Colorado’s fiscal straits on some of the other kids in class — the president and the Republican Con...
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