Connect with us

Colorado

“Uncertainty” colors Colorado economic forecast as lawmakers begin to finalize budget

Published

on

“Uncertainty” colors Colorado economic forecast as lawmakers begin to finalize budget


State economists confirmed Colorado’s brutal budgetary situation Monday, kicking off lawmakers’ mad dash to fill a $1.2 billion hole in the budget. 

The March economic forecasts from the governor’s office and legislative staff solidify the numbers lawmakers will use to set the final state budget. Lawmakers had been aware — and raising alarms — about the massive hole since last year, and have already set in motion some cuts to fill it.

How close lawmakers are to filling the hole should become clearer Tuesday during a planned hearing on how cuts proposed so far square with the forecasts. They will then need to finalize the budget — including any additional cuts — before the budget is heard by the entire Senate next week.

It needs to be approved by the legislature in the next month and will dictate state spending for the next fiscal year, which begins July 1.

Advertisement

“We have worked so hard to find ways to have the least possible impact on Coloradans,” Sen. Jeff Bridges, a Democrat and chair of the Joint Budget Committee, said following the forecasts.

He added that he’s optimistic “that those really painful, difficult decisions have led to a place where we are very close to closing this budget in a way that creates the least amount of pain possible for the people of Colorado.”

Lawmakers have grappled with how to pay for — or cut — services like Medicaid, child care for the poorest Coloradans, and school meals, as well as core functions like education. Rocketing Medicaid costs in particular have blown open the state budget, while lawmakers are also trying to find ways to pay for Proposition 130, the voter-approved measure forcing the state to pay $350 million to bolster law enforcement.

Lawmakers from both parties agree the state faces a structural spending problem, but disagree on the blame.

Bridges faults the Taxpayer’s Bill of Rights, or TABOR, for forcing “rationing” because it limits state spending, regardless of economic conditions or needs. Republicans, including budget committee member Sen. Barbara Kirkmeyer, blame state spending that they say outpaces the voter-approved constitutional amendment. She points to charts from 2021 showing general fund spending on a trajectory to outpace the TABOR cap.

Advertisement

“We’re still in a structural deficit,” Kirkmeyer, a Brighton Republican, said. “We cannot just expect to sweep cash funds and not reduce, not stop our spending of ongoing general funders and think we’re going to be OK the following year.”

She was less optimistic than Bridges on how close the budget committee was to filling the gap. She estimated they still needed to find about $500 million in cuts, while Bridges predicted the committee was closer by “several hundred million” dollars.

Despite the cuts hanging over lawmakers’ heads, economists still predict state tax collections will outpace the cap set by TABOR — though refunds will be far from the recent windfalls taxpayers have received in recent years. This upcoming year’s TABOR surplus may be particularly slim, nonpartisan legislative economists predicted.

That expected $108 million surplus, versus the $1.3 billion surplus from last year, may even force lawmakers next year to dip into the general fund to pay for recently passed property tax cuts.

Economists for lawmakers and from Gov. Jared Polis’ office both pointed to uncertain national policy as rippling through their forecasts. Both camps, independent of each other, predicted a higher risk of recession as the Trump administration’s tariff and tax policies materialize.

Advertisement

“I think the word of the day is uncertainty,” said Mark Ferrandino, Polis’ budget director.

Stay up-to-date with Colorado Politics by signing up for our weekly newsletter, The Spot.



Source link

Advertisement

Colorado

Colorado residents face earliest water restrictions ever — a harbinger of worse to come

Published

on

Colorado residents face earliest water restrictions ever — a harbinger of worse to come


As a result of a snow drought and a heat wave that have both set records, some Colorado residents face the earliest restrictions on their water use ever imposed.

Denver Water announced Wednesday that it is seeking a 20% cut in water use, asking people to turn off automatic watering systems until mid-May and restricting the watering of trees and shrubs to twice a week.

“The situation is quite serious,” said Todd Hartman, a spokesperson for the utility. “We’re in such a dire situation that we could be coming back to the public in two or three months and saying you’re limited to one day a week.”

It is the earliest in the year that Denver Water has ever issued a restriction, Hartman said.

Advertisement

Colorado’s snowpack peaked at extremely low levels on March 12 — nearly a month earlier than usual — then cratered during the recent heat wave that cooked nearly every state in the West.

“We already had the lowest snowpack we’ve seen since at least 1981, and now, with the heat wave conditions, we’ve already lost about 40% of the statewide snowpack” since the March 12 peak, said Peter Goble, Colorado’s assistant state climatologist. “Conditions are looking more like late April or early May.”

The water restrictions are a harbinger of what’s to come in many Western states as officials try to manage widespread drought concerns. Nearly every snow basin in the Mountain West had one of its warmest winters on record and is well behind normal when it comes to water supply, according to the U.S. drought monitor. The dwindling snowpack is likely to raise the risk of severe wildfires, hamper electricity generation at hydropower dams and force water restrictions for farmers.

Hartman said nearly every community east of the Rockies, along Colorado’s front range, is in much the same boat as Denver.

City Council members in Aurora are considering similar water restrictions; reservoirs there stand at about 58%, according to the city’s website. In the town of Erie, officials declared a water shortage emergency on March 20 after they observed a massive spike in consumption.

Advertisement

Gabi Rae, a spokesperson for the town, said Erie was perilously close to having taps run dry because so many residents had started watering their lawns early amid the unseasonable heat.

“We were a day away from running out of water. That’s why it was such an emergency,” she said.

Erie officials demanded that residents stop using irrigation systems altogether.

Goble said this month’s heat wave has set records in every corner of Colorado, sometimes by double digits.

“I can’t remember seeing a single heat wave that broke this many records, and seeing it across such a large portion of the country is certainly eye-popping,” he said, adding: “I’m located in Fort Collins, and we got up to 91 last Saturday. The previous record for March was 81, so we smashed that record. And it wasn’t just one day, either.”

Advertisement
Skiers at Breckenridge Ski Resort as temperatures reached into the 50s this month. Michael Ciaglo / Getty Images

Denver Water, which serves about 1.5 million residents in the city and its surrounding suburbs, gets about half of its water from the Upper Colorado River Basin and the South Platte River Basin. The latter’s snowpack was at about 42% of normal Tuesday, the utility reported. The Upper Colorado River Watershed was at 55%.

Systemwide, Denver Water’s reservoirs are about 80% full, which is only about 5 percentage points lower than in a typical year.

“That sounds pretty good,” Hartman said. “Except that what we’re not going to be able to rely on is that rush of water that will bring those reservoirs back up, because the snowpack is so low.”

In other words, the snowpack — a natural water reservoir — is mostly tapped already and won’t replenish reservoirs later this spring and into summer, when runoff usually peaks.

In Erie, city workers plan to aggressively police water use until sometime next week using smart meters that monitor residential usage. Rae said the city is also sending utility workers to patrol neighborhoods and look for sprinklers that are turned on.

Advertisement

“People have been kind of annoyed with how aggressive we were, and I don’t necessarily think they understand the ramifications if we weren’t,” Rae said. “It is an actual serious emergency situation. We were so close to reaching empty, there would literally be no water coming out of the taps — hospitals, schools, fire hydrants, your home would have no water.”

Although the limits on outdoor watering will be lifted soon, Rae expects more restrictions later this spring and summer.



Source link

Continue Reading

Colorado

Suddenly hazy skies in Denver prompt some residents concerned about wildfire smoke to call 911

Published

on

Suddenly hazy skies in Denver prompt some residents concerned about wildfire smoke to call 911



Some people who live in the Denver metro area on Thursday afternoon were making calls to 911 after skies became noticeably hazy and winds kicked up. It was due to smoke from wildfires in Nebraska moving into Colorado. A cold front also was moving through the Front Range, and there is dust in the air.

Advertisement

CBS


The poor air conditions led to reduced visibility downtown after 3 p.m. Several of CBS Colorado’s City Cams showed dust or smoke in the air.

Temperatures were expected to drop by as much as 20 to 30 degrees with the cold front.  

The suddenly dusty skies prompted at least one fire agency to put out a plea to residents to please only call 911 “if you see flames.” That warning was put out by South Metro Fire Rescue, which shared a photo on X of an office building with haze visible outside.

haze.jpg

Advertisement

South Metro Fire


South Metro Fire Rescue said in their post that the smoke is from Colorado’s neighbor to the east. They called it a “significant haze” in the air.

Earlier this month, the Morrill Fire and the Cottonwood Fire burned a significant amount of Nebraska grassland and ranchland. They have mostly been contained by firefighters. Nebraska Gov. Jim Pillen said those two fires combined with several others have burned approximately 800,000 acres of land. On Thursday, Pillen announced that he is signing several executive actions intended to ease the burden caused by the fires.  

There were no wildfires burning in the Denver metro area on Thursday afternoon.

Advertisement



Source link

Continue Reading

Colorado

Colorado homicide suspect wanted in fentanyl-related death arrested in Colombia

Published

on

Colorado homicide suspect wanted in fentanyl-related death arrested in Colombia


ARAPAHOE COUNTY, Colo. (KKTV) – A homicide suspect based out of Colorado, wanted in a fentanyl-related death, is back in the state after being captured in Colombia.

The Arapahoe County Sheriff’s Office (ACSO) said 33-year-old Max Arsenault had been on the run since January 17.

Deputies said this stemmed from an incident in May 2023, where deputies responded to a call for a man named Nicholas Dorotik, who was found unresponsive.

ACSO said the cause of death was a mixed drug overdose involving meth and fentanyl, having about three times the lethal amount of fentanyl in his system.

Advertisement

One year later, Arsenault was arrested. He was scheduled for trial in January 2026 when deputies said he fled the country while on bond three days before the trial was set to start.

He was caught in Medellin, Colombia, on March 4, following a two-month international investigation. He has since been extradited back to Denver, where he is facing charges and awaiting trial.



Source link

Advertisement
Continue Reading

Trending