Rocky Mountain Voice

Tag: State Deficit

The special session leaves Polis with a $783M deficit — here’s how he can fix it without new taxes
Rocky Mountain Voice, Approved, Commentary, State, Top Stories

The special session leaves Polis with a $783M deficit — here’s how he can fix it without new taxes

By Russ Minary | Guest Commentary, Rocky Mountain Voice Governor Polis recently called—and lawmakers have now concluded—a special session aimed at addressing the estimated State budget deficit of $1.2 to 1.6 BILLION. That means that every man, woman and child in CO has to pay $208 more this year. That’s in addition to all of the other current local, county, state, sales and special district taxes they are already paying. But kids don’t pay taxes; adults do. I think CO taxpayers and citizens already pay enough in taxes. While lawmakers passed roughly $300 million in tax changes during the session, the ball is now in Gov. Polis’ court. He has been given authority to sign the bills and make deep spending cuts, up to $300 million, to close the remaining $783 million gap. Rather than a...
Dear Colorado Legislature: Here’s Your $1 Billion Cut List
ScottKJames.com, Approved, Commentary, State

Dear Colorado Legislature: Here’s Your $1 Billion Cut List

By Scott K. James | Commentary, ScottKJames.com Colorado’s $1B budget hole isn’t rocket science – we found the cuts. From illegal immigration perks to bloated credits, here’s the fix. (And Yes, We Found It In the Couch Cushions) Colorado lawmakers are about to lock themselves in a special session cage match because they’ve managed to spend themselves $1 billion into the red. Cue the finger-pointing, cue the “hard choices” speeches, cue the “we just need more revenue” crocodile tears. Well, guess what? We did your homework for you. We found your billion. And unlike your staff memos written in bureaucrat-ese, this cut list is in plain English – with receipts. Brace yourselves, this will be long, but I’ll give you a TL, DR version right up front… TL;DR: Colorado’s ...
Progressive Spending Comes Due as Colorado Faces Billion Dollar Shortfall
State, Approved, DENVER7

Progressive Spending Comes Due as Colorado Faces Billion Dollar Shortfall

By Brandon Richard | Denver7 News State lawmakers will likely return to the Colorado Capitol for a special session to address the budget shortfall. DENVER — For the second time this year, Colorado is facing a massive budget shortfall, and the legislature’s top Democratic leaders blame President Donald Trump’s "big, beautiful bill." State budget officials released new projections on Wednesday, showing the current budget is suddenly $1.2 billion in the red. “Right now, we don’t have the cash to pay our bills,” Colorado budget director Mark Ferrandino told lawmakers. "We are talking about a budget and a revenue shortfall equivalent or greater than what we saw during the Great Recession." Some lawmakers were left shell-shocked and worried for Coloradans struggling to make it. ...

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