For the third consecutive year, Gov. Jared Polis is summoning Colorado lawmakers back to the state Capitol for a special session — this time to close a yawning budget gap ripped open by the federal tax bill.

Lawmakers will return on Aug. 21 for a session that lasts a minimum of three days, Polis announced Wednesday morning during a news conference at the governor’s mansion in Denver. They’ll be tasked with cutting or finding roughly $783 million to offset the net loss in revenue this fiscal year, which ends next June, as a result of the tax bill passed by Congress and signed into law by President Donald Trump last month.

“The approach here is a balanced approach that would involve major spending cuts, new revenue and limited use of reserves, as long as we can pay it back,” Polis said i

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