Fiscal Policy & Taxes Subject(s): Fiscal Policy & Taxes State Revenue & Budget Published: December 3, 2018 Agency: Legislative Council Staff Understanding the State Budget: The Big Picture Each year, the General Assembly is tasked with balancing constitutional, statutory, and federal requirements with a host of other considerations, such as competing policy priorities, caseload pressures, and the health of the state’s economy, in order to create a budget. This report is intended to serve as a primer on Colorado’s budget and some of the factors that help shape it. Download Document