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Fiscal Policy & Taxes

Understanding the State Budget Information Paper

Fiscal Policy & Taxes
General Assembly
State Revenue & Budget

Understanding the State Budget: The Big Picture

Each year, the General Assembly is tasked with balancing constitutional, statutory, and federal requirements with a host of other considerations, such as competing policy priorities, caseload pressures, and the health of the state’s economy, in order to create a budget.  This report is intended to serve as a primer on Colorado’s budget and some of the factors that help shape it.

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details