Joint Budget Committee

Thursday, June 18, 2026·▶ Watch / Listen

Colorado's Joint Budget Committee absorbed dueling June revenue forecasts — Legislative Council's upgraded 'Goldilocks' outlook against OSPB's gloomier projection of no TABOR refunds this year and a HR1 cost shift ramping toward a billion dollars — then spent the afternoon grinding through Corrections over-expenditure requests and a severance-tax shortfall that pit general fund against cash reserves.

Key Actions

·Legislative Council June revenue forecastAction

+ 7 more actions

Notable Quotes

“I think you should feel that the forecast, despite being prepared 12 days before the end of the fiscal year, has less certainty than it ought to about conditions for the current fiscal year. And that's why I'm communicating it to you.”
Greg Sabetsky (Chief Economist, Legislative Council Staff) · witness — The chief economist attached an unusual caution to an otherwise upbeat forecast, underscoring that the numbers rest on incomplete year-end accounting.

+ 5 more quotes

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TranscriptPreview

This thing. The Joint Budget Committee will come to order. We are here this morning to hear our quarterly revenue forecasts. And we will be starting with with Legislative Council and the Office of State Planning and Budgeting. The other thing that we have on our agenda today are consideration of interim supplemental funding requests. And I think it is our goal to accomplish all of this before lunch, but that just means that we have to, you know, stay on task. So that is the goal. But if, if we take a long time, then we may have to take a break and come back to it. But for now, we will get started with our revenue forecast, starting with Mr. Sobecky. Sorry, Chief Sosky and Legislative Council. Thank you, Madam Chair. For the record, Greg Sabetsky, Chief Economist, Legislative Council Staff we will do our best to keep you on schedule this morning. I'd like to thank my team for their work on an outstanding June forecast. And I'd like to hand it off to Mr. Hansen, seated to my left to present our expectations for the economy. Good morning members of the committee and other members that…

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