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Colorado Faces $750M Shortfall; Special Session Called

8/13/2025

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Summary

Story summary

Colorado is grappling with a staggering $750 million budget shortfall, a consequence of the One Big, Beautiful Bill Act that reshapes federal tax codes and impacts state revenue. In response, Governor Jared Polis is calling for a special legislative session to explore spending cuts and tax adjustments, all while striving to protect vital funding for K-12 education.

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Story summary

Colorado is grappling with a staggering $750 million budget shortfall, a consequence of the One Big, Beautiful Bill Act that reshapes federal tax codes and impacts state revenue. In response, Governor Jared Polis is calling for a special legislative session to explore spending cuts and tax adjustments, all while striving to protect vital funding for K-12 education.