Proposed Budget - Fiscal Year 2026
On November 1, Colorado Governor Jared Polis released his recommended budget for fiscal 2026. On January 2, the governor released amendments to the budget. The amended proposal calls for $46.4 billion in total fund spending, a decrease of 1.8 percent from fiscal 2025, and $17.9 billion in general fund operating spending, a decrease of 5.0 percent from fiscal 2025. Gross general fund revenue in fiscal 2026 is expected to total $17.9 billion, a 1.7 percent increase from the fiscal 2025 estimate. Combined with the state’s beginning balance of $2.1 billion, total forecasted general fund resources for fiscal 2026 are $20.03 billion, a 4.3 percent decrease from the fiscal 2025 estimate. The governor recommends a general fund reserve level of $2.3 billion, or 15 percent of general fund spending.