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Trump’s tax cut law will cut into Colorado’s budget next year, but not as much as previously expected
By Robert Tann Follow
rtann@postindependent.com at Glenwood Springs Post Independent
· June 22, 2026
· 5 min read
Colorado lawmakers could be looking at a smaller budget gap in 2027 when they return for their annual legislative session, according to a recent update from state economists.
The forecast, presented on June 18 to lawmakers on the Joint Budget Committee, is welcome news for legislators who hav...
Key takeaway While the tax cuts reduced Colorado’s income tax revenue by about $1 billion in the last fiscal year budget, economists don’t expect the impact to be as extreme next year.
Why this matters in Aspen News
For Pitkin County residents, a smaller budget gap in 2027 could mean fewer cuts to social programs that benefit the local community, such as healthcare and housing initiatives. Aspen 's own city government and police department may also face less pressure to reduce services, given the reduced impact of the tax cut law on state revenue. Additionally, the Aspen School District may see more stable funding, which could benefit local students and families. The fact that individual income tax revenue is expected to be less affected than corporate income taxes is particularly relevant to Aspen, where many residents rely on individual income and may be less affected by corporate tax changes. Overall, the revised budget outlook could have a positive impact on the local community, allowing for more investment in essential services and programs.
About this story
Original reporting by Glenwood Springs Post Independent . Aspen News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Glenwood Springs Post Independent . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 22, 2026 ·
Source: Glenwood Springs Post Independent ·
Reading time: 5 min
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Frequently asked about this story
What is this story about? Colorado lawmakers could be looking at a smaller budget gap in 2027 when they return for their annual legislative session, according to a recent update from state economists.
The forecast, presented on June 18 to lawmakers on the Joint Budget Committee, is welcome news for legislators who hav...
When was this published? This article was first published on June 22, 2026 by Glenwood Springs Post Independent and curated for Aspen News readers.
Who reported this story? This story was reported by Robert Tann Follow
rtann@postindependent.com at Glenwood Springs Post Independent. To learn more about how Aspen News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Aspen News, or browse our daily briefing and topic hubs .
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