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Impacts of Saving Colorado Businesses on the Current $5.3 Billion Tax Bill: Analysis of the Governor’s Budget Request to Contribute $600 Million to the State’s Unemployment Insurance Trust Fund

Impacts of Saving Colorado Businesses on the Current $5.3 Billion Tax Bill: Analysis of the Governor’s Budget Request to Contribute $600 Million to the State’s Unemployment Insurance Trust Fund

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Due to the influence of the COVID-19 pandemic and the state government’s policy responses, Colorado’s unemployment levels spiked in early 2020 and caused the state’s Unemployment Insurance Trust Fund to become deeply insolvent.

Colorado Budget: Then and Now

Colorado Budget: Then and Now

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Colorado Budget Then and Now illuminates the meaningful changes in Colorado state spending over the last twenty years. The following figures provide a summary overview of state spending across different state funds and agencies. The trends shown reflect the shifting priorities brought on as a direct result of the laws and budgets passed each legislative session.