Rocky Mountain Voice

Tag: State Budget

Ballooning Medicaid costs, TABOR limits expose flaws in Colorado’s big government spending spree
Approved, Commentary, Rocky Mountain Voice, State, Top Stories

Ballooning Medicaid costs, TABOR limits expose flaws in Colorado’s big government spending spree

By Rocky Mountain Voice Editorial Board After years of overreach and unchecked government growth, Colorado lawmakers are now scrambling to plug a $1.2 billion hole in the state budget — a crisis largely of their own making.  Colorado budget writers voted Wednesday night to finalize a 2025–26 budget plan that slashes transportation funding, eliminates programs, and kicks key decisions down the road — all while Medicaid spending surges out of control. Despite the so-called “cuts,” the budget still grows to over $16 billion. But massive increases in Medicaid — particularly long-term care for seniors and the disabled — are eating up the budget at an unsustainable pace. Democrat lawmakers admit the problem is only getting worse. “Next year, I see our fiscal challenges compounding,...
Colorado lawmakers delay budget introduction as they agonize over final cuts
Approved, State, The Colorado Sun

Colorado lawmakers delay budget introduction as they agonize over final cuts

By Brian Eason | The Colorado Sun Over and over last week, Colorado budget writers kept getting mired in the same debates. Is a $21 million program that allows recent high school graduates to enroll in free college-level classes worth the cost? Can the state afford to continue paying bonuses to nurses at its understaffed mental health facilities? What about in jails, where the state has a long backlog of inmates awaiting mental health evaluations in order to stand trial? Should the state keep providing free lunches to school kids, whether or not their parents are truly in financial need? What if doing so means less money for their classroom teachers — over 1,000 of whom were just across the street Thursday to protest proposed cuts to public education? Acr...
Rep. Gonzalez: Colorado doesn’t have a revenue problem, it has a spending problem
Approved, Commentary, Rocky Mountain Voice, State, Top Stories

Rep. Gonzalez: Colorado doesn’t have a revenue problem, it has a spending problem

By Rep. Ryan Gonzalez | Guest Commentary, Rocky Mountain Voice In the state of Colorado, we are facing over a $1.2 BILLION dollar shortfall. As we are now halfway through the 2025 legislative session, we have seen little progress from the lawmaking majority on making hard and significant cuts to our budget.  Rather than admit the improper allocation of taxpayer dollars, the majority uses this predicament to go after and attack our Taxpayer Bill of Rights (TABOR).  Our state budget this year is over 43 BILLION. In the last 6 years they have gone from a budget surplus to a very progressive spending spree at the expense of taxpayers.  More offices, tax credits, and programs that require funding and eat away at TABOR refunds have been – and continue to be –  the...
Colorado lawmakers debate when, how to fund $350M voter-approved public safety mandate
Approved, coloradopolitics.com, State

Colorado lawmakers debate when, how to fund $350M voter-approved public safety mandate

By Marianne Goodland | Colorado Politics Colorado lawmakers are scrambling to figure out exactly how to carry out voters' approval of a ballot measure that directs the General Assembly to put $350 million into a fund to help recruit, train, and retain local law enforcement. The measure did not specify a timeline for when the money must be allocated or whether it's a yearly allocation. Lawmakers are grappling with those questions as the state's budget crafters are seeking money anywhere, given that the state faces a $1 billion shortfall. READ THE FULL STORY AT COLORADO POLITICS
Gov. Polis proposes shielding funding for major water programs as state’s $1 billion deficit looms
Approved, State, The Colorado Sun

Gov. Polis proposes shielding funding for major water programs as state’s $1 billion deficit looms

By Jerd Smith | The Colorado Sun Colorado’s largest water agency may be shielded from significant funding cuts as the state addresses its financial woes, under the 2025-26  budget proposed by Gov. Jared Polis. The Colorado Water Conservation Board would see a $6.9 million increase in the next fiscal year, which begins July 1, rising from $98.1 million in revenue this year to $105.1 million, according to the governor’s office. But in 2026, funding would drop to $97.6 million due to a decline in severance tax revenue, which is derived in part from oil and gas production and is a key part of the CWCB’s funding. READ THE FULL STORY AT THE COLORADO SUN
Proposed state budget could cut $110 million from already pothole-laden highways
Approved, State, The Sum & Substance

Proposed state budget could cut $110 million from already pothole-laden highways

By Ed Sealover | The Sum & Substance Colorado’s ability to build and fix the highways that are key to transporting goods and people could take a $110 million hit in the next fiscal year under budget-balancing proposals being offered by Gov. Jared Polis. The two-tiered reductions — a permanent cut of $65 million per year and a short-term cut of $49 million in other funds — are part of $638 million in expenditure cuts and revenue boosts Polis has suggested to deal with rising Medicaid costs and falling inflation. And while officials acknowledge that such spending rollbacks must happen somewhere in the budget, both legislators and Colorado Transportation Commission members warn these cuts could be particularly deleterious for transportation safety. READ THE FULL STORY AT THE SUM...
Colorado Gov. Jared Polis, lawmakers spar over proposed budget
Approved, coloradopolitics.com, State

Colorado Gov. Jared Polis, lawmakers spar over proposed budget

By Marianne Goodland | Colorado Politics The Colorado legislature's budget drafting body, stung by criticism from the governor over hiking Medicaid provider rates last spring higher than what he wanted, bit back when Gov. Jared Polis met with the committee last week to discuss his 2025-26 budget proposal. Gov. Jared Polis and members of the Joint Budget Committee sparred over the size of his proposed cuts. Polis effectively argued that his proposal responsibly makes budget reductions, while lawmakers questioned his decision to fund projects or services — such as landscaping for the governor's mansion — when the state is practically in "recession" mode when it comes to budgeting.       A veteran legislator said the governor's budget proposal is no...
Colorado ends budget year $164M in the red with potential tax cuts looming on November ballot
Approved, State, The Colorado Sun

Colorado ends budget year $164M in the red with potential tax cuts looming on November ballot

By Brian Eason | The Colorado Sun The state of Colorado will end its budget year June 30 with a deficit of as much as $164 million, forcing it to dip into its reserves as it heads into an election cycle fraught with financial uncertainty. And the budget picture only deteriorates from there, according to revenue forecasts provided to the Joint Budget Committee on Thursday. Next fiscal year, which starts July 1, the state will start in a $35 million to $86 million hole that budget writers would have to close during midyear budget adjustments, which take place each year in January. That leaves little wriggle room if something unexpected happens in the meantime, like an uptick in health care costs or a slowdown in tax collections. READ THE FULL STORY AT THE COLORADO SUN
Colorado owes taxpayers $34M in refunds it never sent. That means trouble for the state budget. 
Approved, State, The Colorado Sun

Colorado owes taxpayers $34M in refunds it never sent. That means trouble for the state budget. 

By Brian Eason | The Colorado Sun The state government owes Colorado taxpayers an extra $34 million in refunds it should have sent out years ago, legislative budget staff told lawmakers Friday, blowing a hole in the state’s budget with just days left in the 2024 legislative session. The error was first uncovered by a state audit released in February. State officials had planned to come up with a solution by June, but after conferring with the Colorado Attorney General’s Office, Joint Budget Committee staff members say the matter can’t wait until after the session. “We really don’t have any choice,” JBC Director Craig Harper told the budget writing committee Friday. “That’s an under-refund from prior years and will need to be refunded at the earliest available opportunity.” ...
Gov. Polis signs Democrats’ $40.6 billion state budget containing $2 billion more in spending
Approved, coloradopolitics.com, State

Gov. Polis signs Democrats’ $40.6 billion state budget containing $2 billion more in spending

By Marianne Goodland | Colorado Politics Gov. Jared Polis on Monday signed the state's $40.6 billion budget for the next fiscal year, which includes $2 billion more in spending. "This bipartisan budget builds a stronger, brighter, and safe future for Colorado where we invest in students, have housing people can afford near work and transportation options, and live in safer communities," the governor said in a statement. There was less money available for this budget than in previous years, noted Joint Budget Committee Chair Rep. Shannon Bird, D-Westminster. "But the hallmark of a good budget, is that no matter how much you have, you're listening to your constituents ... prioritizing the funds you have to meet the moment," Bird said.  READ THE FULL STORY AT COLORADO POLITICS