State Budget Growth Cap Leaves Colorado With Tough Choices Ahead
By Jesse Paul | The Colorado Sun
Providing the same level of government programs and services next fiscal year is predicted to cost $850 million more than the legislature will have available to spend.
It’s one state budget crisis after another.
That’s the takeaway from quarterly economic and tax revenue forecasts presented Monday to the Colorado legislature by nonpartisan Capitol staff and the governor’s office.
The General Assembly just wrapped up a special session to plug a roughly $750 million hole in the state’s current budget caused by tax code changes made through congressional Republicans’ tax and spending bill, which was passed and signed into law in July. But more trouble is on the horizon in the form of what’s referred to as Colorado’s structural...










