This story was produced as part of the Colorado Capitol News Alliance. It first appeared at coloradosun.com.

DENVER | Colorado lawmakers must cut about $1 billion from the state budget for the current fiscal year, which began July 1, to address tax revenue reductions caused by the federal spending bill passed by Republicans in Congress earlier this month.

Nonpartisan Legislative Council Staff and the Governor’s Office of State Planning and Budgeting told top state legislators Wednesday that the so-called One Big Beautiful Bill Act is estimated to reduce Colorado’s tax revenue collections by $1.2 billion in the current fiscal year. That’s bigger than the revenue hole Colorado faced during the Great Recession, according to the governor’s office.

After accounting for roughly $250 million

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