JBC Dems: We can’t cut our way out of the shortfall
By Marianne Goodland
Colorado just cannot cut its way out of a $3.3 billion shortfall in 2020-21.
But that’s the reality facing lawmakers who face the prospect of an unprecedented budget cut, the result of the COVID-19 pandemic and a precipitous decline in state revenues.
So the hope is that the federal government will ride to the rescue, according to Democratic members of the Joint Budget Committee who spoke with reporters Wednesday afternoon.