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Saturday, May 4, 2024

Colorado faces $3.3 billion hit to 2020-21 budget due to COVID-19, analysts forecast

Credit: 7News - The Denver Channel
Duration: 02:50s 0 shares 1 views

Colorado faces $3.3 billion hit to 2020-21 budget due to COVID-19, analysts forecast
Colorado faces $3.3 billion hit to 2020-21 budget due to COVID-19, analysts forecast

Colorado lawmakers are looking at a budget shortfall of about $3.3 billion for the 2020-21 fiscal year including carryover from this year due to the effects of the coronavirus outbreak, according to a Legislative Council Staff economic forecast released Tuesday.

FROM MY HOMETOWN HOME STUDIO.Shannon: I AM SHANNON OGDEN HEREIN THE DENVER 7 SPORTS NFL DRAFTPREVIEW SPECIAL STUDIO.WE ARE FEELING THE ECONOMIC TOLLOF THE PANDEMIC.IT WILL BE A LONG ROAD TO OURREBOUND.THE STATE IS FEELING THE PINCHAS WELL DEALING WITH MASSIVEBUDGET CUTS THAT COULD IMPACTTHINGS LIKE EDUCATION.Anne: THE STATE IS ALMOST OUT OFMONEY TO PAY UNEMPLOYMENTINSURANCE.THE SOLUTION TO KEEPINGUNEMPLOYMENT FUNDED COULD MEAN ABIGGER STRAIN ON ALREADYSTRUGGLING BUSINESSES.DENVER 7'S MEGHAN LOPEZ SHOWS USJUST HOW DEEP A HOLE THE STATEIS IN AND WHERE IT'S LOOKING FORMONEY.

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