For Immediate Release
Communications Director & Public Information Officer
Colorado Treasurer Dave Young’s Remarks on Colorado Cashback
“This spring, alongside Governor Polis, I had the opportunity to speak with Coloradans as we toured the state to see how funding from the American Rescue and Recovery Act was being put into action in our local communities. Then and now, we continue to hear directly from folks who are desperately struggling simply to make ends meet.
Coloradans are paying more for everything, having to choose between putting food on the table or gas in the car. More and more families are relying on food banks to feed their families. Rising costs in healthcare are forcing people to put off visiting their doctor or refilling prescriptions, while we have a record number of folks with growing mounds of medical debt. Increases in rent and mortgage rates are being felt all across the state, from Greeley to Pueblo, Grand Junction to Denver.
While we need to tackle inflation at the national level, we’re already taking action as a state to reduce costs so that people can hold on to more of their hard-earned money. And this is a crucial time for us to get tax refunds to taxpayers.
As State Treasurer, I’m committed to working closely with Governor Polis and the Department of Revenue to get money back to taxpayers as quickly as possible, providing much-needed relief to Coloradans and their families as inflation and cost of living continues to rise.
The Treasury will ensure that there is sufficient cash flow to get money back to Coloradans. We’ll do that by doing what we do everyday - stressing safety, liquidity, and yield as the key policy goals for all of the funds entrusted to us.
We are committed to getting money into the hands of Coloradans sooner to help ease the financial pain from the continued COVID economic crisis.”