State economists warned that Colorado faces a nearly $1 billion shortfall in the budget for 2025-26, attributing that deficit to the federal tax overhaul signed into law by President Donald Trump.
The federal budget included a slew of extended and expanded tax cuts for individuals and corporations, which some analyses said would decrease the federal revenue by trillions over a decade but also spur economic growth.
State analysts said the federal budget also shifted a host of costs and fiscal responsibilities to the states.
Democrats in Colorado have increasingly blamed the Trump administration for the state's budget woes, arguing more recently that the deficit is directly the result of Republicans' actions, notably the recently-signed federal budget. Republicans, on the other hand, have