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Colorado Gov. Jared Polis Orders $103 Million in Spending Cuts, Sweeps State Cash Accounts to Help Close Budget Gap
Governor Polis ordered $103 million in cuts and redirected $147 million from state funds to address a $783 million deficit caused by a $1.2 billion loss in revenue from federal tax changes.
- On Aug. 28, Governor Jared Polis announced to the Joint Budget Committee an executive order cutting $103 million and sweeping about $147 million from Colorado state cash accounts, effective Sept. 1.
- A $1.2 billion revenue loss from federal tax changes left Colorado with a gap, and after a special session that raised about $250 million, state leaders determined roughly $500 million remained to find while authorizing Polis to make midyear cuts with Joint Budget Committee notification.
- The largest share of reductions falls on health care, with the Department of Health Care Policy & Financing cut by more than $79 million and a freeze on a 1.6% Medicaid provider rate hike saving about $38 million.
- The moves will draw down reserves to about 13% of the general fund, and a hiring freeze announced Aug. 26 is expected to save the state $3 million this year.
- Polis plans to tap up to $328 million from the state rainy‑day account, redirected cash requires Colorado Legislature approval, and the executive order expires Nov. 30.
20 Articles
20 Articles
Colorado Newsline
The Grand Junction Daily SentinelGov. Polis orders emergency spending cuts in aftermath of Trump-pushed measure
Colorado Gov. Jared Polis presents his spending cut plan to the Joint Budget Committee on Aug. 28, 2025. (Photo by Delilah Brumer/Colorado Newsline)Colorado Gov. Jared Polis announced Thursday a total of about $250 million in cuts and redirected funds to help close a state budget gap his office estimated to be $783 million. Colorado special session 2025: Updates from the Capitol The spending reductions, which Polis made through an executive orde…
Hastings Tribune
union-bulletin.comColorado Gov. Jared Polis orders $103 million in spending cuts, sweeps state cash accounts to help close budget gap
DENVER — Colorado Gov. Jared Polis ordered $103 million in cuts to spending across agencies and the sweeping of $146 million from state cash accounts on Thursday to help plug the rest of the state’s large budget deficit.
Aspen Times
Colorado governor cuts Medicaid, pulls $100M in affordable housing funds to help close state budget gap
Colorado Gov. Jared Polis is cutting Medicaid reimbursement rates and redirecting more than $100 million in affordable housing funds as part of his plan to close the state’s budget deficit. The announcement on Thursday, Aug....
Denver Post
Gov. Jared Polis orders $103 million in spending cuts, sweeps state cash accounts to help close budget gap
Gov. Jared Polis announced spending cuts Thursday to help close the state budget shortfall caused by President Trump's federal tax bill.
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