As the Colorado General Assembly nears completion of the state budget there is little doubt that the decisions they make will impact Colorado’s economy for years to come. Known by insiders as the “long bill,” the state budget has passed the State House and is currently being debated by the State Senate.
Colorado is an increasingly expensive place to live. Housing prices are surging, and affordability is decreasing. Though there has been a recent increase in building permits, the current housing supply shortage is so large that the increased construction of new homes must be sustained for years, if not increased, to overcome the shortage.
Governor Polis has declared that Colorado will rely on 100% renewable electricity by 2040, a goal that surpasses even that of President Biden, although achieving such targets will not come without economic and social cost. The challenge is significant, and, by most measurements, the state is behind in meeting its targets.