ICYMI: Legislative Session Delayed…Again until May 25th
May 13, 2020 – CENTENNIAL, CO — Last Sunday, legislative leadership announced that they would further delay re-starting the general assembly another week until Monday, May 25th. This extra time will give the Joint Budget Committee (JBC) more time to analyze the May revenue forecast, before finalizing any recommendations for a long bill to be heard by the legislature when it returns.
Monday afternoon, the executive committee of the general assembly met to discuss safety protocols when the legislature returns, remote committee hearings and other related items. No decisions were made and the executive committee will meet again next Monday. CFB will report any relevant information.
Today’s revenue forecast predicts a $3.3 billion shortfall in 2020-21, the largest shortfall that has been predicted up to this point. Additional estimates predict it could take 3-5 years to recover from the downturn in the economy due to the pandemic. Stay tuned to Policy Watch for more information on the legislative session and the state budget. Contact Emily, Emily@ColoradoFB.org, with any questions.