Polis announces $252 million in spending cuts to close Colorado budget deficit

Published August 29, 2025 10:16am ET



Gov. Jared Polis (D-CO) announced $252 million in spending cuts to address Colorado’s $750 million budget gap caused by federal tax changes. 

The cuts come just days after the Colorado legislature, in a special session, approved changes to the state’s business tax policy to reduce the size of the budget deficit by a third, generating $244 million in tax revenue.

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