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Trump’s tax cut law will cut into Colorado’s budget next year, but not as much as previously expected
Economists say the federal tax law’s income tax hit is smaller than expected, but Medicaid and SNAP administration cuts could raise state costs by $251.5 million next year.
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Glenwood Springs Post IndependentReposted by 
Summit Daily News
Summit Daily NewsTrump’s tax cut law will cut into Colorado’s budget next year, but not as much as previously expected
Colorado lawmakers could be looking at a smaller budget gap in 2027 when they return for their annual legislative session, according to a recent update from state economists. The forecast, presented on June 18 to lawmakers on the Joint Budget Committee, is welcome news for legislators who have had to contend with billion-dollar deficits for the past two years, which have forced cuts to healthcare, housing and other social programs. One factor b…
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Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
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