Colorado lawmakers propose budget full of cuts and cash sweeps
Lawmakers on Monday introduced in the state Senate the legislation setting up the 2025-26 budget, which contains hundreds of millions of dollars in funding cuts, transfers and sweeps.
The spending plan comes in at $43.9 billion.
The plan includes $16.7 billion in general fund dollars. That is the discretionary money that comes from corporate and individual income taxes, as well as sales and use taxes. Lawmakers use that money to fund new programs, although it will be in short supply in a year when the Joint Budget Committee will have to find ways to cover a $1.2 billion shortfall.
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