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Polis Extends Spending Cuts as Colorado Struggles With Deep Budget Gap
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DENVER7, Approved, State

Polis Extends Spending Cuts as Colorado Struggles With Deep Budget Gap

By Katie Parkins | Denver7 Colorado Gov. Jared Polis in an executive order on Monday extended already-issued spending cuts through the end of February in an effort to achieve the $265 million in savings his office says is needed to balance the state's budget. Executive Order D 2025 22 extends orders Polis issued in August and October of this year, which ultimately laid out roughly $115 million in cuts from state departments and another roughly $148 million in transfers to the state's general fund. The prior orders expired on Nov. 30. A hiring freeze put in place by a separate order (D 2025 009) ends on Dec. 31, 2025. The state says that hiring freeze achieved $3 million in savings. Polis has said the $265 million in savings is needed due to a massive budget gap created by Pr...
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Progressive tax push could cripple Colorado’s economy
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Rocky Mountain Voice, Approved, Commentary, State

Progressive tax push could cripple Colorado’s economy

By Robert G. Natelson | Commentary, Complete Colorado At a time when most states are cutting income taxes, some influential Colorado leftists want to jack up the state’s top income tax rate to one of the highest in the nation. They are hawking a “graduated” (or “progressive”) tax—that is, one that discriminates based on income. They promote this scheme with their usual demagogy, including the fraudulent claim that higher taxes will harm only “the rich.” In truth, it will harm almost everyone but the rich. Much of the Left’s demagogy is harmless, and some of it is even amusing. But this irresponsible scheme is positively dangerous. As explained below, it’s a revolver in a game of Russian Roulette aimed against the livelihood of Colorado families. A revolver with every chamber loade...
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Colorado Faces $800 Million Budget Gap With No Deal In Sight
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State, Approved, denvergazette.com

Colorado Faces $800 Million Budget Gap With No Deal In Sight

By: Luige Del Puerto | The Denver Gazette Colorado legislators will convene at the state Capitol in about two weeks without first having secured a deal — with the governor or among themselves — outlining how to plug an $800 million budget deficit, which means the upcoming special session could be more open-ended and the fiscal prescriptions, whatever they may be, less defined. An agreement might materialize between now and the special session later this month, as policymakers scramble to line up ideas on how or where to cut the state budget. Gov. Jared Polis said his proclamation a few days ago set the parameters of what the legislators will discuss — but it will be up to the latter to decide the details of the fiscal remedy. "The legislators decide what bills to pass...
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TABOR Undermined as Almost Half of Colorado Budget Now Exempt
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State, Approved, coloradopolitics.com

TABOR Undermined as Almost Half of Colorado Budget Now Exempt

By Hannah Metzger | Colorado Politics State spending that is exempt from Colorado's Taxpayer's Bill of Rights has increased by nearly 30% over the past 30 years, according to a report by the public policy think tank Common Sense Institute.  While TABOR places a limit on how much revenue the state can retain each fiscal year, certain sources — such as voter-approved changes, federal funds, and state enterprises — are exempt. According to the Bell Policy Center, enterprise funds are state-owned "businesses" that provide goods or services in exchange for revenue. Examples include the state lottery and the Colorado Healthcare Affordability and Sustainability Enterprise (CHASE). According to the Common Sense Institute report, 46% of total state spending — ab...
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