Gov. Jared Polis announced Wednesday morning that he's calling a special session for the Colorado State Legislature. The special session will convene on Aug. 21.

Gov. Jared Polis CBS

Polis cited the passing of H.R. 1 in Congress, also known as the "One Big Beautiful Bill", as part of the reason for the special session. Before the news conference began, Polis put the bill, totalling thousands of pages, on the table beside the podium where he was speaking.

Polis said during a news conference on Wednesday morning that before Congress passed that bill, Colorado had a surplus.

"What has the urgency of what we are going to be announcing today is the revenue impacts to the current year that we are in that throws the state budget out of balance, that costs… over a billion dollar loss of reve

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