Rocky Mountain Voice

Tag: Public Finance

Colorado Bill Could Undermine TABOR Protections Redirecting Billions Away From Taxpayers
Complete Colorado, Approved, Commentary, State

Colorado Bill Could Undermine TABOR Protections Redirecting Billions Away From Taxpayers

By Nash Herman | Commentary, Complete Colorado Senate Bill 135, legislation that could permanently end the refund of overcollected tax dollars, as well as radically raise revenue limits under Colorado’s Taxpayer’s Bill of Rights (TABOR) amendment, just received a new fiscal note predicting an even bigger blank check for the legislature than before.  This follows the updated revenue forecast presented to the Joint Budget Committee (JBC).  Let’s see what changed.  Budget hole gets bigger Legislative analysts predict that this year’s “budget shortfall” will be approximately $1.5 billion, based on the March 2026 Economic and Revenue Forecast.   While that means a haircut to General F...
Lawmakers Weigh $300M Pinnacol Split To Shore Up State Budget
Colorado Politics, Approved, State

Lawmakers Weigh $300M Pinnacol Split To Shore Up State Budget

By Marianne Goodland | Colorado Politics The panel of Colorado legislators in charge of crafting next year’s budget has finalized the 2026–27 spending plan built on deep cuts and one‑time cash transfers in an attempt to close a shortfall of more than $1.2 billion. The plan is leaving lawmakers frustrated with the reductions to core services. Some cited cuts to health care programs for children and families, though others argued the spending plan “protects what matters most.” That $1.2 billion figure comes from the governor’s economic forecast. The legislature’s economists, however, warned of an even bigger deficit at around $1.5 billion. A combination of factors have led to Colorado’s budget woes. Democrats have pointed to the congressional budget approved last ...
Colorado Budget Shortfall Sparks Questions Over Spending Priorities
Complete Colorado, Approved, State

Colorado Budget Shortfall Sparks Questions Over Spending Priorities

By Rep. Scott Bottoms | Commentary, Complete Colorado The Colorado House of Representatives recently received the unwelcome news that the state faces a $1.5 billion shortfall as they craft the state’s budget for fiscal year 2026-27. This troubling development comes on top of last year’s $750 million deficit. The shortfalls are odd because overall government spending has increased dramatically: since 2019 (the year Democrats took over the House, Senate, and governor’s office), Colorado’s population has increased by 4.4%, while at the same time, the state’s annual budget has increased by 43.6% (roughly 10 times the rate of population growth). Think about that. Fiscal malpractice In the midst of these fiscal straits, you’d think legislators...
Lawsuit Fallout Could Cost Turnberry Residents Millions In New Taxes
The Denver Gazette, Approved, Local

Lawsuit Fallout Could Cost Turnberry Residents Millions In New Taxes

By Sage Kelley | The Denver Gazette Homeowners of a small neighborhood in Commerce City remain confused and irate about the future of their property taxes in the aftermath of a lawsuit between the metropolitan district where they live and a bank. The conflict stems from a 2023 lawsuit in which UMB Bank in its capacity as trustee, alleged the BNC2 Metropolitan District No. 2 was improperly diverting property tax revenue for “administration and operations,” rather than paying back the bonds on which the property taxes were assessed. BNC2, a metro district of about 330 homes, oversees one-third of the Turnberry development. Other lawsuits between three metro districts alleged the administrator overseeing BNC2 at the time — and many other metro districts — took cont...
State Audit Finds Billion Dollar Accounting Errors In Colorado Unemployment Program
Colorado Politics, Approved, State

State Audit Finds Billion Dollar Accounting Errors In Colorado Unemployment Program

By Marianne Goodland | Colorado Politics Colorado’s state auditors found serious issues with the accounting practices of the unemployment insurance division of the Department of Labor and Employment, concluding the agency underestimated and overestimated figures to the tune of billions of dollars. The auditors labeled the problems with its most serious concern — a “material weakness,” an indication of a significant flaw in financial reporting. That could create the possibility of a “material misstatement in the financial statements — one that auditors, regulators, and management can’t overlook.” The auditors found errors that required accounting adjustments, such as an overestimate in payments owed to claimants to the tune of $1.5 billion, when it should have been only...
Denver Audit Finds Office of Social Equity and Innovation Still Falling Short on Financial Oversight
The Denver Gazette, Approved, Local

Denver Audit Finds Office of Social Equity and Innovation Still Falling Short on Financial Oversight

By Deborah Grigsby | The Denver Gazette Denver’s Office of Social Equity and Innovation has yet to implement half of the 14 recommendations made by auditors in 2024, leaving the city and the Colorado Youth Detention Continuum Program at risk of misusing small-dollar funds. A follow-up report released by City Auditor Tim O’Brien on Thursday noted that, while the office has made progress, gaps involving policies and procedures, inconsistent financial records and insufficient monitoring of grant-related expenses remain. Denver’s Chief Equity Officer Ben Sanders told The Denver Gazette that much of what is in the auditor’s report about the youth detention program is “fair.” “The auditor is auditing a program that transitioned, starting in the summer of 2024, from th...
Colorado’s Budget Is Bigger Than Ever. Health Care Is Why.
Rocky Mountain Voice, State, Top Stories

Colorado’s Budget Is Bigger Than Ever. Health Care Is Why.

By Shaina Cole | Contributing Writer, Rocky Mountain Voice Colorado’s state budget is larger than it used to be. That much isn’t disputed. What has changed over the last twenty years is where that growth landed. The Common Sense Institute’s “Colorado Budget: Then and Now” (December 2025) Colorado’s state budget has grown faster than population and inflation since the mid-2000s. The shift wasn’t sudden. It accumulated, year by year, across multiple budgets and multiple administrations. The increase shows up clearly in the numbers. In the mid-2000s, state spending worked out to a little under $5,600 per person once population and inflation were accounted for. It didn’t stay there. Year by year, the number crept higher. It now sits above $7,300. The increase...
Denver Public Schools leased schools through shell corporation, hiding almost $1B in off-book financing
Approved, denvergazette.com, Local

Denver Public Schools leased schools through shell corporation, hiding almost $1B in off-book financing

By Nicole C. Brambila | Denver Gazette Denver Public Schools transferred ownership of at least 31 schools to a shell corporation, then leased them back for hundreds of millions of dollars Denver Public Schools has quietly taken on hundreds of millions of dollars in long-term debt without voter approval — money that could otherwise be used to lower class sizes, increase teacher pay or expand student support services, an investigation by The Denver Gazette has found. The spending comes as contract negotiations between the district and the Denver Classroom Teachers Association (DCTA) have stalled, with union leaders pointing to the district's failure to fully fund last year’s cost-of-living adjustment. Educators have repeatedly called for smaller class sizes, better compensation a...

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