State revenue gains overshadowed by soaring Medicaid and SNAP obligations
State lawmakers face a $1.58 billion general fund shortfall for the 2027-28 budget despite projected revenue gains. This deficit is attributed to increasing costs for Medicaid and SNAP programs. Before accounting for these mandatory obligations, the state estimated a $686 million surplus.
After Thursday’s review of Medicaid overexpenditures, the Joint Budget Committee heard stronger revenue projections on Friday but also deeper spending problems. Lawmakers will begin work on the 2027-28 budget with a $1.58 billion general fund shortfall. Before accounting for required obligations, the state would have about $686 million available. Once Medicaid overexpenditures of more than […]
READ NEXT
More on the wire
FROM THE PUBLISHER
Former Douglas County Commissioner Lora Thomas and the current Board of County Commissioners are renewing efforts to recover attorney fees in connection with a lawsuit Thomas filed in 2023. On Thursday, Thomas petitioned the Colorado Supreme Court to review an appeals court’s rejection of her request for $5,715 in attorney fees from the county. She […]
FROM THE PUBLISHER
Colorado among a dozen states that joined deal
FROM THE PUBLISHER
Colorado has reached a $152,000 settlement with the owners of a chain of local smoke shops for selling kratom products over the potency limits established by law, state authorities announced Monday. Kratom is an herbal substance that can produce opioid– and stimulant-like effects, according to the National Institutes of Health. As usage in Colorado continues […]