Facing a massive budget deficit and a workforce that is decreasingly bound by state lines, Gov. Jared Polis has pitched a solution that’s been raised twice in recent memory at the Colorado Capitol: spinning off the state’s stake in Pinnacol Assurance. Privatizing the quasi-governmental insurance company would mean pulling the state out of the workers’ compensation game, while raising serious one-time money to help plug the budget — an idea that Polis hasn’t yet sold lawmakers on. Pinnacol serves as the workers’ compensation insurer of last resort for the state, ensuring that high-risk industries, such as roofing, can meet the legal requirement for coverage.

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