Trump’s Tax Cut Law Will Cut Into Colorado’s Budget Next Year, but Not as Much as Previously Expected
Economists now expect a smaller drop in individual income tax revenue, but federal Medicaid and SNAP cuts could still add $251.5 million in costs next year.
7 Articles
7 Articles
Steamboat Pilot & Today
Trump’s tax cut law will cut into Colorado’s budget next year, but not as much as previously expected
Colorado lawmakers could be looking at a smaller budget gap in 2027 when they return for their annual legislative session, according to a recent update from state economists. The forecast, presented on June 18 to lawmakers on the Joint Budget Committee, is welcome news for legislators who have had to contend with billion-dollar deficits for the past two years, which have forced cuts to healthcare, housing and other social programs. One factor b…
Aspen Times
Trump’s tax cut law will cut into Colorado’s budget next year but not as much as previously expected
Colorado lawmakers could be looking at a smaller budget gap in 2027 when they return for their annual legislative session, according to a recent update from state economists. The forecast, presented on June 18 to lawmakers on the Joint Budget Committee, is welcome news for legislators who have had to contend with billion-dollar deficits for the past two years, which have forced cuts to healthcare, housing and other social programs. One factor b…
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