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Colorado Lawmakers Weigh $500 Million In Cuts As $1.5 Billion Deficit Looms
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Colorado Politics, Approved, State

Colorado Lawmakers Weigh $500 Million In Cuts As $1.5 Billion Deficit Looms

By: Marianne Goodland | Colorado Politics The legislature’s Joint Budget Committee is working through a list Wednesday of about 150 suggestions to cut as much as $1.5 billion in general fund dollars out of next year’s budget. The largest on the list prepared by JBC staff is $198 million in cuts to the funding for the annual senior and disabled veterans homestead exemption. Funding for the homestead exemption has to come out of general fund dollars in the 2026-27 budget because the state does not have a Taxpayer’s Bill of Rights surplus that would normally cover that cost. The other side of the issue is Gov. Jared Polis’ support for a proposal to allow Pinnacol Assurance to privatize, with the hopes that half of the funds Pinnacol would pay the state as a result ...
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Colorado Lawmakers Hand Polis Authority for $300 Million in Spending Cuts
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State, Approved, DENVER7

Colorado Lawmakers Hand Polis Authority for $300 Million in Spending Cuts

By Brandon Richard | Denver7 The governor could make up to $300 million in spending cuts as part of the Democrats' plan to fix the budget gap. DENVER — Colorado’s special session is over, but there’s still more work to do to address the state’s $783 million budget gap. Most of that work will fall to Governor Jared Polis. Colorado’s Democratic legislative leaders have a three-part plan to address the budget gap. They took care of one part of that plan during their six-day special session when they cut several corporate tax breaks. "I'm grateful my colleagues didn't shy away from this challenge,” said Senate President James Coleman, D-Denver. “We faced it head-on. We rolled up our sleeves. We acted like the adults in the room." But they’re leaving the other two parts of...
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Lawmakers Pass The Buck On Budget Deficit Leaving Decisions To Governor Polis
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State, Approved, The Gazette

Lawmakers Pass The Buck On Budget Deficit Leaving Decisions To Governor Polis

By Marianne Goodland | The Gazette Most measures introduced for special session offer no clear plan to solve budget deficit. More than two dozen bills have been introduced ahead of Thursday’s special legislative session, where lawmakers will try to come up with nearly $800 million in budget cuts. What’s notably absent from the proposed bills so far is any clear plan for how those cuts would be made. Indeed, only one bill even hints at specific reductions — a proposal from Western Slope lawmakers to cut $264,000 from the state’s wolf management program and redirect that money to help pay for health insurance subsidies. There are two bills, similar in some regards, from members of the Joint Budget Committee, that deal with Gov. Jared Polis' authority to enact spending cuts whe...
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House delays key vote on Trump budget bill after conservative fury over spending cuts
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Approved, Fox News, National

House delays key vote on Trump budget bill after conservative fury over spending cuts

By Elizabeth Elkind  | Fox News A key vote to advance a massive conservative policy bill has been delayed, putting House Republicans behind in their ambitious schedule to enact President Donald Trump's agenda. The House Budget Committee had initially aimed to go through and approve the legislation this week, but a source familiar with planning told Fox News Digital that is no longer the case. It comes after conservatives on the panel rejected multiple offers by House GOP leaders on where to set a baseline for cutting federal spending, urging senior Republicans to seek deeper cuts ahead of negotiations with the Senate. READ THE FULL STORY ON FOX NEWS
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