Treasurer Young Sounding the Alarm on How the Federal Budget will Hurt Colorado and Communities Nationwide
June 13, 2025 (DENVER) – Today, Colorado State Treasurer Dave Young joined more than 800 state and local elected officials in signing a bipartisan letter opposing the budget bill that would severely hurt Colorado and communities nationwide.
“With this budget, Congress is effectively making working people pay for billionaire tax breaks by taking away their health care, food support, K-12 education, and more. We should be working to strengthen public services and make them more efficient, not gutting them,” said Treasurer Young. “To protect the health and well-being of our communities, the Senate must abandon this reckless budget.”
Treasurer Young and other officials warn that significant cuts at the federal level and added administrative costs will cause massive budget shortfalls and put an impossible burden on states to meet. As a result, deeper cuts would have to be made at the state and local levels, hurting local economies and impacting every sector from healthcare to public safety.
The letter reads in part, “As government leaders, we understand the importance of rooting out fraud, waste, and abuse to keep public services strong, but this plan fails to do that. Instead, it would rip the very fabric of our nation's social safety net wide open to give the wealthiest people tax breaks they don’t need. Meanwhile, veterans, seniors, children, people with disabilities, and all working people will suffer.”
The letter was coordinated by the American Federation of State, County and Municipal Employees (AFSCME). Read the full letter on the AFSCME website.
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About the Colorado Department of the Treasury
The Colorado Department of the Treasury is the constitutional guardian of the public’s funds. It is the Treasury’s duty to manage and account for the taxpayers’ dollars from the time they are received until the time they are disbursed. The Treasury’s staff is committed to safeguarding and managing the people’s monies with the same diligence and care as they do their own. For more information, visit colorado.gov/treasury.