US EditionColorado Gov. Jared Polis Orders $103 Million in Spending Cuts, Sweeps State Cash Accounts to Help Close Budget Gap
Governor Jared Polis ordered $103 million in agency spending cuts and redirected $147 million from state cash accounts to address a $783 million deficit caused by federal tax law changes.
- On Aug. 28, 2025, Colorado Gov. Jared Polis ordered $103 million in midyear spending cuts and redirected about $147 million from state cash accounts into the state general fund by executive order taking effect Sept. 1.
- Because federal tax changes cut Colorado receipts by $1.2 billion, the special session of the Colorado Legislature produced about $250 million, leaving roughly $500 million still to find this fiscal year.
- The plan targets health care and housing line items, including more than $79 million in cuts at the Department of Health Care Policy & Financing, a rescinded 1.6% provider rate increase saving $38 million, and about $105 million redirected from Proposition 123 State Affordable Housing Fund.
- The plan lowers the rainy-day reserve to about 13%, the hiring freeze announced Aug. 26 is expected to save $3 million, and redirected cash transfers will need legislative approval.
- The executive order runs until Nov. 30 unless extended, and under state law Polis may extend pauses up to three months, with combined measures yielding an estimated overall fiscal impact of nearly $830 million.
19 Articles
19 Articles
Colorado Newsline
The Grand Junction Daily SentinelGov. Polis orders emergency spending cuts in aftermath of Trump-pushed measure
Colorado Gov. Jared Polis presents his spending cut plan to the Joint Budget Committee on Aug. 28, 2025. (Photo by Delilah Brumer/Colorado Newsline)Colorado Gov. Jared Polis announced Thursday a total of about $250 million in cuts and redirected funds to help close a state budget gap his office estimated to be $783 million. Colorado special session 2025: Updates from the Capitol The spending reductions, which Polis made through an executive orde…
Hastings Tribune
union-bulletin.comColorado Gov. Jared Polis orders $103 million in spending cuts, sweeps state cash accounts to help close budget gap
DENVER — Colorado Gov. Jared Polis ordered $103 million in cuts to spending across agencies and the sweeping of $146 million from state cash accounts on Thursday to help plug the rest of the state’s large budget deficit.
Aspen Times
Colorado governor cuts Medicaid, pulls $100M in affordable housing funds to help close state budget gap
Colorado Gov. Jared Polis is cutting Medicaid reimbursement rates and redirecting more than $100 million in affordable housing funds as part of his plan to close the state’s budget deficit. The announcement on Thursday, Aug. 28 comes two days after lawmakers wrapped up a special session in which they passed a series of tax changes that are projected to raise $250 million in new revenue to help with the state’s shortfall. The roughly $800-milli…
Denver Post
Gov. Jared Polis orders $103 million in spending cuts, sweeps state cash accounts to help close budget gap
Gov. Jared Polis announced spending cuts Thursday to help close the state budget shortfall caused by President Trump's federal tax bill.
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