Similar Stories to Colorado Lawmakers Bracing For Coronavirus Budget Hit Of Up To $3 Billion on Bing News

A daunting task awaits the Colorado legislature. Whenever it resumes its session — the tentative plan is to come back May 18 — the General Assembly must, per its constitutional obligation, pass a balanced state budget. And they’ll be doing so with dramatically less money than they’d counted on even one month ago, before the extent of the pandemic’s started to become clear. Members of the bipartisan Joint Budget Committee, which writes and then refers the budget to the broader legislature, are now planning for a shortfall of up to about $3 billion. “I’ve seen anywhere from $1 billion to $3 billion,” said state Sen.

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BING NEWS:
  • Gov. Kevin Stitt calls legislative leaders to an unusual budget summit conference on Monday
    In an email the governor invites the Senate Leader and House Speaker to hammer out budget details and renews his call for an income tax cut ...
    05/1/2024 - 3:40 pm | View Link
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