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flag Colorado's budget deficit jumps to $1.5 billion due to lower tax revenues and higher spending.

flag Colorado's projected budget deficit has surged to $1.5 billion due to revised fiscal forecasts, driven by slower-than-expected tax revenues and rising state spending. flag The updated outlook, released by the state's finance department, reflects economic headwinds including reduced income and sales tax collections. flag Lawmakers now face tough choices on spending cuts or revenue increases to close the gap.

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