A Colorado budget crisis years in the making

1 day ago · Thanks to a mix of aggressive state budget cuts in 2020 and the subsequent infusion of federal help during the pandemic, Colorado ended the 2020-21 fiscal year with a massive …

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Gov. Jared Polis' 2025 Budget Proposal Includes $640 Million In Cuts

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Nov 1, 2024 · Gov. Jared Polis presented his budget for the upcoming year at the Colorado Capitol building in Denver on Friday, Nov. 1, 2024. (Photo by Hyoung Chang/The Denver …

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How Colorado Gov. Jared Polis Plans To Fix The $1B State Budget …

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Nov 1, 2024 · Polis said despite the cuts, his $17.8 billion general fund budget request preserves the services he believes Coloradans care about the most — K-12 schools and public safety. …

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Colorado Now Faces A $900M State Budget Deficit - The Colorado …

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Sep 19, 2024 · After Colorado lawmakers passed four rounds of tax cuts in 10 months, the state now faces a $900 million budget hole.. The tax cuts are kicking in as inflation, wage growth …

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Colorado Gov. Jared Polis Proposes Belt-tightening Budget - Axios

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Nov 1, 2024 · Facing upwards of a $1 billion shortfall, Colorado Gov. Jared Polis is proposing an austere budget plan for the next fiscal year that includes widespread spending cuts across …

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Colorado Legislature Updates As Polis And Democrats Reach Tax-cut …

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Apr 30, 2024 · In a deal with Polis, Democratic lawmakers are set to back a $450 million state income tax cut this year in exchange for advancing legislators’ priority of a child tax credit. …

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Saving Coloradans Money On Their Taxes: Governor Polis Signs …

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May 14, 2024 · Every year as Governor I have called for income tax cuts and I am happy to deliver on that promise with a rate reduction from 4.4% to 4.25% along with much more today. …

colorado.gov

FAQs about A Colorado budget crisis years in the making Coupon?

How does Governor polis make Colorado a safe state?

Governor Polis is committed to making Colorado one of the top ten safest states through data-driven investments. Governor Polis invested $30 million in the state budget to crack down on auto theft and continue moving Colorado in the right direction, fund proven crime prevention strategies, support victims, protect schools, and more. ...

What is Colorado's 'belt-tightening' budget proposal?

Colorado legislators questioned Gov. Jared Polis on Wednesday about what he has described as his “belt-tightening” budget proposal, previewing the difficult months to come as state leaders seek to fill a looming $635 million shortfall. ...

What is Governor polis doing to create more housing Coloradans can afford?

This year, Governor Polis, in partnership with the legislature, delivered on this vision to create more housing Coloradans can afford. Through legislation that: Governor Polis delivered on promises he made in his Roadmap to a Future Colorado 2026. ...

What did Governor Polis do for Colorado?

CLEANER AIR, BETTER TRANSIT Governor Polis and legislative leaders made historic investments in improving and expanding access to reliable, low-cost transportation in Colorado, getting cars off the road, and protecting our air. ...

Why have Colorado lawmakers cut property tax rates three times?

Dating back to a November 2023 special session, Colorado lawmakers have cut property tax rates three times in response to a historic jump in home values. Those cuts don’t affect the tax revenue the state collects, but they still have repercussions for the state budget. ...

What's new in Polis' budget proposal?

General fund dollars are slightly lower than in last year’s proposal. The proposal maintains a 15% general fund reserve. Polis proposed a 1% cut for state personnel services across the board, though he would combine the two budget lines personnel funding comes from to give departments more flexibility on where they will make those cuts. ...