Colorado Gov. Jared Polis is proposing a year of “belt-tightening” to make up for softening inflation and higher Medicaid costs. He presented his budget proposal for the upcoming fiscal year on Friday afternoon. It doesn’t account for Tuesday’s elections, which include some potentially costly measures on the state ballot. The next legislature, which is also being elected Tuesday, will ultimately pass the budget for the upcoming fiscal year, which begins July 1. Polis, a Democrat in his final term, sought to cover a projected shortfall of about $640 million shortfall that was largely driven by high caseload costs for Medicaid patients.
Similar Stories to Gov. Jared Polis Looks To Plug $640 Million Hole With “belt-tightening” State Budget Request on Bing News
Nick Coltrain, Denver Post
Fri, 11/01/2024 - 3:32pm
Topics: colorado gov jared polis tuesday s july democrat taxpayer s bill rights for coloradans january house minority leader rose pugliese colorado springs republican polis while i mark ferrandino pinnacol assurance gov jared polis colorado capitol nov photo hyoung chang/the denver post related articles voting front range opinion candidates public employees retirement association pera we stay colorado politics spot polis polis gov jared polis medicaid tuesday pugliese colorado s ai denver the politics colorado million belt-tightening state budget budget request year funding proposal inflation school money higher implementation billion friday upcoming shortfall account rates fund factor formula workers increases roll ballot legislature fiscal property passed presented companies agency softening savings largely general high real services reforms costs cycles years governor machine school-funding challenging assessment delays add students fix stabilization government education password breach
BING NEWS:
- Gov. Jared Polis’ budget would slow the phase-in of Colorado’s new school funding formula
Colorado Gov. Jared Polis has proposed education funding changes that he said will help shore up the 2025-26 budget and ensure the state doesn’t go back to withholding money from schools for other ...
11/1/2024 - 1:33 pm | View Link - Gov. Jared Polis seeks $630M less in 2025-26 budget, privatization of Pinnacol Assurance
Gov. Jared Polis wants to pare down the state budget by hundreds of millions of dollars, warning policymakers of "belt tightening" ahead.
11/1/2024 - 11:57 am | View Link - Gov. Jared Polis looks to plug $640 million hole with “belt-tightening” state budget request
Polis is requesting spending of about $17.8 billion in the general fund, which is the source for most state program funding.
11/1/2024 - 11:45 am | View Link - Colorado governor proposes belt-tightening budget
Facing upwards of a $1 billion shortfall, Colorado Gov. Jared Polis is proposing an austere budget plan for the next fiscal year that includes widespread spending cuts across state government. What he ...
11/1/2024 - 10:44 am | View Link - France's budget battle: Why the government's plan to plug the deficit is sparking an outcry
France’s new government has unveiled its 2025 belt-tightening budget bill, with plans for major tax hikes and spending cuts aimed at tackling the country’s giant deficit ...
10/14/2024 - 10:14 pm | View Link - More
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