(C) Colorado Newsline
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Colorado special session 2025: Updates from the Capitol [1]
['Sara Wilson', 'Delilah Brumer', 'Newsline Staff', 'Lindsey Toomer', 'David O. Williams', 'Allen Best', 'More From Author', 'August', '- Thursday August', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow']
Date: 2025-08-21
The Colorado Legislature is meeting in a special session to address a nearly $800 million hole in the state budget. Work began on Thursday morning and is expected to last through the weekend.
After Republicans in Congress passed the federal tax cut and spending bill in July, Colorado’s estimated tax revenue collections shrunk by about $1.2 billion for the current fiscal year, which began July 1. Most of that is a loss of corporate income taxes.
Colorado has to have a balanced state budget, so lawmakers must figure out a way to get backed to a balanced bottom line. The Democratic majority in both chambers, alongside Gov. Jared Polis, plan to do that by dipping into the state’s reserves, cutting program spending and passing an array of tax laws to eliminate some deductions and loopholes.
In his call for the special session, Polis also allowed bills on health insurance premiums and artificial intelligence regulations. A controversial AI law is set to go into effect next February and it has been a longtime goal of Polis and moderates to tweak it before then.
Legislative action is live-streamed and archived on the General Assembly’s website.
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[1] Url:
https://coloradonewsline.com/2025/08/21/colorado-special-session-2025/
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