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...
