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.
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