DENVER — The State of Colorado has implemented a hiring freeze in order to address its projected $1.2 billion revenue loss.

Gov. Jared Polis announced the hiring freeze on Aug. 6 , the same day he called for a special legislative session in order to address the shortfall.

Polis said the revenue loss was created by tax changes made in President Donald Trump's One Big Beautiful Act (H.R.1) . According to the governor and fellow Colorado Democrats, Colorado will collect less revenue than expected when lawmakers approved the state budget in May.

The state has projected a $1.2 billion budget gap for the 2026 fiscal year, and a $700 million shortfall for the 2027 and 2028 fiscal years. During his announcement, the governor said a hiring freeze would save the state $3 million to $7 milli

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