Colorado lawmakers look for answers to budget crisis
DENVER, Colorado – Colorado lawmakers are trying to untangle the rules that dictate how the state collects and spends money, warning that the budget “is brittle and it is breaking.”
Senate President Brandon Shaffer, a Longmont Democrat, gave that assessment Wednesday as the 16-member Fiscal Stability Commission opened two days of hearings.
The panel will review conflicting laws and constitutional amendments and get recommendations on how to make them work better.
Lawmakers learned last month they have to make more budget cuts because tax revenue is expected to drop $384 million more than they expected.
The total shortfall could grow as high as $838 million next year.
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