Gov. Jared Polis unveiled his final budget proposal Monday, suggesting the state seek to raise taxes on the gaming industry through a 2027 ballot measure and arguing again for legislators to support the private conversion of Pinnacol Assurance for some $400 million.
The $51.3 billion budget plan, which includes an $18.9 billion general-fund budget that represents a 2.6% increase from the current fiscal year, also includes more than $650 million in Medicaid growth limits to help plug an estimated $1.6 billion shortfall next year. And proposes to eliminate more than $16 million in business personal property tax exemption reimbursements that the state gives to affected county governments, though it does not affect the actual exemptions that are given to businesses.
