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Gov. Polis Presents Final Budget Proposal for 2027-28 Ahead of Projected $1.6 Billion Deficit

The request would cut more than $600 million in projected Medicaid spending as officials warn costs could rise by over $900 million next year.

Summary by KMGH
In the face of yet another daunting billion-dollar budget deficit, Gov. Jared Polis presented his eighth and final proposal for the statewide budget on Monday morning.Estimates show a $1.6 billion shortfall for Fiscal Year 2027-28 in Colorado. In his budget request letter, Polis said his plan for next year amounts to a 1.1% increase in total funds over last year."We used evidence and data to really drive budget priorities that deliver on results…

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Axios broke the news in Arlington, United States on Monday, November 2, 2026.
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