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Colorado Governor Calls Special Session for $783M Shortfall

8/7/2025

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Summary

Story summary

Colorado Governor Jared Polis is calling for a special legislative session beginning August 21 to tackle a staggering $783 million budget shortfall linked to the federal "One Big Beautiful Bill Act." In response, the state will enforce a hiring freeze and explore spending cuts and new revenue sources, while lawmakers will also consider updates to the state's AI legislation.

History

Historical Context

The 2009 American Recovery and Reinvestment Act allocated $787 billion to combat the Great Recession, with Colorado receiving substantial federal funds. However, the state's fiscal challenges persist, exemplified by a $783 million deficit. Governor Jared Polis's call for a special session highlights ongoing budget constraints, reflecting a broader trend of states needing sustainable revenue strategies amid evolving economic landscapes.

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Story summary

Colorado Governor Jared Polis is calling for a special legislative session beginning August 21 to tackle a staggering $783 million budget shortfall linked to the federal "One Big Beautiful Bill Act." In response, the state will enforce a hiring freeze and explore spending cuts and new revenue sources, while lawmakers will also consider updates to the state's AI legislation.

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