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Colorado Budget

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Colorado Governor Calls Special Session to Address $1.2B Budget Shortfall and AI Law

Originally Published 5 months ago — by The Colorado Sun

Colorado Governor Jared Polis has called a special legislative session to address nearly a $1 billion budget shortfall caused by federal tax law changes, and to reconsider the state's AI regulation law set to take effect in February, amid industry concerns and legislative disagreements.

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Colorado faces nearly $1 billion budget shortfall due to federal tax changes

Originally Published 5 months ago — by coloradosun.com

Colorado must cut about $1 billion from its current budget due to revenue reductions caused by the recent GOP federal tax and spending bill, which mirrors federal tax law and impacts state income and corporate taxes, leading to a significant budget shortfall that requires legislative action.

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