News

Lawmakers add to PERA’s long-term debt

By Brain Eason THE COLORADO SUN Just two years after Colorado approved sweeping pension reforms aimed at wiping out what was then an unfunded $32 billion debt to public sector retirees, state budget writers — facing a financial catastrophe of their own — have temporarily undone a portion of the landmark rescue package. The Joint

Continue Reading →

Colorado needs feds to step up

By Dominick Moreno and Rachel Zenzinger THE DENVER POST Last week was the most difficult week we have ever faced as elected officials or members of the Joint Budget Committee. We had tearful discussions prior to gut-wrenching decisions as we addressed devastating health and economic issues in our state budget. Before the virus hit, Colorado

Continue Reading →

Would emergency tax work in Colorado?

By Andrew Kenney CPR NEWS Colorado’s lawmakers have one main focus for the next few weeks: cuts, cuts and cuts. When they reconvene at the legislature next week, they will have to find agreement on how to reduce state government spending for next year by billions of dollars. The damage may be heaviest for education, health and

Continue Reading →

Schools will see almost $1 billion in federal dollars

By Erica Meltzer CHALKBEAT Colorado’s K-12 schools and higher education institutions will get nearly $1 billion in additional federal money to offset costs associated with coronavirus response. Gov. Jared Polis on Monday issued an executive order describing how the state plans to distribute $1.67 billion from the federal coronavirus relief bill to local governments and

Continue Reading →

Colorado faces $3.3 billion hit to 2020-21 budget

By Blair Miller, Meghan Lopez DENVER7 Colorado lawmakers are looking at a budget shortfall of about $3.3 billion for the 2020-21 fiscal year including carryover from this year due to the effects of the coronavirus outbreak, according to a Legislative Council Staff economic forecast released Tuesday. State lawmakers said Monday they had expected to slash between $2 billion and$3

Continue Reading →

State budget shortfall tops $3 billion

By Shaun Boyd CBS DENVER In just two months, the COVID19 crisis has caused the state’s general fund budget to go from a $27 million surplus to an $893 million deficit. “What has transpired over last two months unimaginable,” the legislature’s chief economist told budget writers. The coming year’s revenue forecast is even worse. In all,

Continue Reading →

Colorado faces $6.8 billion hit to budget

By John Frank THE COLORADO SUN he economic crunch from the coronavirus means Colorado will need to immediately cut as much as $3.1 billion in state spending, an unprecedented 25% budget reduction that will force lawmakers to repeal entire initiatives and make deep reductions in education and health care. The budget hit for the fiscal year that begins

Continue Reading →

Grim business of state budget cuts has begun

By Andrew Kenney and Bente Birkeland CPR NEWS Democratic State Sen. Rachel Zenzinger paused in her car, staring at the grey stone of the Legislative Services Building in downtown Denver before another all-day meeting on Thursday. She and the rest of the Joint Budget Committee had been at it for three days already, the grim business of looking

Continue Reading →

States prepare for coronavirus fiscal storm

By Michael Rainey THE FISCAL TIMES State budgets will be crushed by the coronavirus crisis as millions of workers and businesses stop paying taxes, says Josh Goodman of Pew Charitable Trusts. But state officials are going to have to wait a few more weeks until they know just how bad their fiscal situations will be. Personal income

Continue Reading →

Senators in virtual town halls answer questions about COVID-19

By Gabrielle Bye COLORADO TIMES RECORDER This afternoon, Colorado state Senators Rachel Zenzinger (D-Arvada) and Jeff Bridges (D-Greenwood Village) held telephone town halls to discuss updated information about COVID-19, as well as to answer constituents’ questions. Zenzinger and Bridges were both joined by Mara Brosy-Wiwchar from the Colorado Department of Public Health and Environment, and

Continue Reading →

← Previous Page