How Colorado lawmakers closed a $3 billion shortfall
By John Frank
THE COLORADO SUN
To address a $3 billion shortfall, Colorado lawmakers made a series of drastic spending cuts and moved close to finalizing a state budget battered by the coronavirus and the paralyzed economy.
The legislative budget committee on Thursday cut $448 million from K-12 education — a 10% cut compared to a year ago. The actual cut is closer to $577 million for school districts, in part from increased costs this year.
Earlier in the week, lawmakers slashed $493 million from the state’s colleges and universities, a total that represents 58% of the higher education budget.