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Tag: Joint Budget Committee

Colorado Budget Gap Nears $1.5B As Revenue Forecast Slides
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The Denver Gazette, Approved, State

Colorado Budget Gap Nears $1.5B As Revenue Forecast Slides

By: Marianne Goodland | The Denver Gazette The latest revenue forecasts from economists in both the governor’s office and the Colorado legislature show that the state’s budget predicament has worsened — by hundreds of millions of dollars more. That, in turn, means cuts programs and services in next year’s fiscal budget will go much deeper. The state’s fiscal predicament also means no refunds for Colorado residents. Economists with the Legislative Council downgraded the forecast for the 2026-27 fiscal year by another $643 million, bringing the total shortfall to nearly $1.5 billion. What’s driving the downgrade? General fund revenues — dollars that come from tax collections for individual and corporate income tax, and sales and use taxes — came in lower for fi...
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Colorado Program For Immigrant Children And Pregnant Women Blows Past Cost Estimates By 611%
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The Colorado Sun, Approved, State

Colorado Program For Immigrant Children And Pregnant Women Blows Past Cost Estimates By 611%

By Jesse Paul and John Ingold | The Colorado Sun The state predicts that the Covering All Coloradans program will cost Colorado $104.5 million in the fiscal year that began July 1. Nonpartisan fiscal analysts estimated the cost would be $14.7 million. roviding health care to children and pregnant people who would qualify for Medicaid if not for their immigration status will cost Colorado more than six times what was projected this year.  Because of higher-than-forecast enrollment, the state is expecting that the Cover All Coloradans program will cost the state $104.5 million in the fiscal year that began July 1. When Democratic state lawmakers passed a bill in 2022 launching the health insurance safety net initiative, nonpartisan fiscal analysts estima...
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Colorado Lawmakers Face Tough Choices As Medicaid Drives Increased Spending
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Colorado Politics, Approved, State

Colorado Lawmakers Face Tough Choices As Medicaid Drives Increased Spending

By Marianne Goodland | Colorado Politics This week, the state Senate is reviewing revisions to the 2025–26 state budget, which has been reduced by hundreds of millions of dollars in each round of cuts. But the bottom line is that, because of Medicaid costs, the state will spend more in 2025-26 than lawmakers approved in the 2025 session. Last week, the 29 bills in the supplemental package were approved by the House, with most passing with broad support. That didn’t mean all of them did: bills changing the budgets for the departments of state, treasury, health care policy and financing, personnel, public health and environment and higher ed all passed largely along party lines. A supplemental for the Department of Corrections, which increased its budget by $29...
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Colorado Budget Panel Halts Proposed Medicaid Pay Reductions for Family Caregivers
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Colorado Politics, Approved, State

Colorado Budget Panel Halts Proposed Medicaid Pay Reductions for Family Caregivers

By Marissa Ventrelli | Colorado Politics The Colorado General Assembly’s budget decision-makers have put proposed pay cuts on hold for people who care for a family member with a disability who receives Medicaid. The Joint Budget Committee made the decision after hours of testimony from family caregivers and several advocates. The Department of Health Care Policy and Financing has been struggling to manage a substantial spike in Medicaid spending, which accounts for about one-third of the state’s budget, even as Colorado faces a $1 billion budget deficit. Members of the JBC earlier expressed concerns with Gov. Jared Polis’ proposal last November on how to plug that deficit, which included a plan to fund Medicaid below its projected growth. “This isn’t a tr...
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Colorado Budget Panel Rejects Prison Expansion Funding Until Plan Is Presented
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The Colorado Sun, Approved, State

Colorado Budget Panel Rejects Prison Expansion Funding Until Plan Is Presented

By Bente Birkeland | The Colorado Sun In a 4-2 vote, the Democrats on the JBC voted in a bloc to deny the dollars, complaining that the DOC lacked a plan to address the state’s growing prison population. Democratic members of the legislature’s Joint Budget Committee denied a request Wednesday from the Colorado Department of Corrections for money to pay for additional prison beds.  In a 4-2 vote, the Democrats on the JBC voted in a bloc to deny the dollars, complaining that the DOC lacked a plan to address the state’s growing prison population, despite repeated requests for Gov. Jared Polis’ administration to do so. The two Republicans on the panel voted to approve the ask. “The frustration is that we are just at this point where it’s been repeated asks, y...
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Colorado Lawmakers Acknowledge Shared Responsibility for Budget Crisis
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The Colorado Sun, Approved, State

Colorado Lawmakers Acknowledge Shared Responsibility for Budget Crisis

By Jesse Paul | The Colorado Sun Nonpartisan staffers told lawmakers this month that the way they spent billions of dollars in one-time federal funds given to Colorado during the COVID pandemic contributed to the state’s budget shortfall. he Colorado legislature is at least partially to blame for the structural deficit forcing lawmakers this year to cut state programs and services to address a roughly $850 million funding shortfall.  The General Assembly contributed to the deficit through its handling of billions in one-time federal funding that flowed into Colorado during the coronavirus pandemic, nonpartisan staff for the legislature’s powerful Joint Budget Committee told the panel earlier this month. At issue was how some of that money was used...
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Runaway Medicaid Spending Forces Colorado Toward Hard Choices
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Complete Colorado, Approved, Commentary, State

Runaway Medicaid Spending Forces Colorado Toward Hard Choices

By: Nash Herman | Commentary, Complete Colorado The legislature’s Joint Budget Committee (JBC) recently held a hearing with the Department of Healthcare Policy and Financing (HCPF), the Governor’s office, and Manatt, a healthcare consulting firm, to address the unsustainable growth of Colorado’s Medicaid spending. Here’s a look at some of the highlights from the hearing. Runaway spending According to HCPF and the Governor’s office, General Fund spending on Medicaid increased at an average rate of 6 percent from fiscal year 2015-16 to fiscal year 2018-19. However, after the federal government windfall from COVID, General Fund spending blew up, growing at an average rate of 19 percent from fiscal year 2021-22 to fiscal year 2024-25. Health c...
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Colorado Lawmakers Warn School Meal Taxes Could Return to Ballot Yet Again
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The Colorado Sun, Approved, State

Colorado Lawmakers Warn School Meal Taxes Could Return to Ballot Yet Again

By Brian Eason | The Colorado Sun The $95 million a year voters approved when they passed Proposition MM in November is expected to generate enough to fund the Health School Meals for All program. But it might still go back to the ballot. Just two months after Colorado voted — for the second and third times — to raise taxes for a school meals program, legislative analysts are warning state lawmakers they might have to go back to the ballot for round four. The news reduced Joint Budget Committee Chair Emily Sirota to a three-letter response during a December meeting: “O … M … G …” This time around, the stakes aren’t quite as high. The $95 million a year voters approved when they passed Proposition MM in November is expected to generate enough to pay f...
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Colorado Taxpayers Miss Out on TABOR Refunds Under Polis Budget Plan
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The Denver Gazette, Approved, State

Colorado Taxpayers Miss Out on TABOR Refunds Under Polis Budget Plan

By Marissa Ventrelli | The Denver Gazette Gov. Jared Polis on Friday submitted revised budget requests for the next two fiscal years, calling for new public safety spending, changes to Medicaid growth, and renewed efforts to privatize Pinnacol Assurance. Notably, the governor said Colorado residents won’t get refunds from the Taxpayer’s Bill of Rights (TABOR). “We are focused on protecting the issues that Coloradans care most about – education, access to health care and safety — while delivering a balanced budget for Colorado,” he said. “In this difficult budget environment, we are doing everything we can to deliver the best possible results for Colorado and know that the Joint Budget Committee will have challenging decisions to make in the months ahead. We look forwar...
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Wolf Reintroduction Costs Mount as Colorado Faces Another Budget Shortfall
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Approved, Aspen Times, State

Wolf Reintroduction Costs Mount as Colorado Faces Another Budget Shortfall

By: Ali Longwell | The Aspen Times A Joint Budget Committee briefing looked at how Parks and Wildlife has spent general fund allocations on wolves. To implement Colorado's voter-mandated reintroduction of gray wolves, the state legislature annually allocates $2.1 million as well as additional funds for compensating ranchers for wolf-related livestock losses. Colorado Parks and Wildlife/Courtesy Photo Colorado lawmakers continue to raise questions about the cost of the state’s wolf reintroduction during the early phases of the annual budgeting process for 2026. On Tuesday, Dec. 9, the Joint Budget Committee was briefed by committee staff on the 2026 budget for the Department of Natural Resources, which includes Colorado Parks and Wildlife.  It’s the second step in th...
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