As the Colorado General Assembly convenes for its 2025 legislative session, residents across the state are watching with a mix of hope and urgency. Colorado is at an economic crossroads, facing a ballooning budget deficit, rising living costs and economic uncertainties. Lawmakers must seize this opportunity to prioritize affordability for families, promote sustainable economic growth and confront the deficit head-on. 

For years, Colorado has been one of the fastest-growing states in the nation, but that growth has come at a cost. Housing prices have skyrocketed, property taxes have surged, and the cost of everyday essentials continues to climb. Meanwhile, businesses — especially small and mid-sized enterprises — are grappling with rising operational costs and regulatory burdens. These challenges have put immense pressure on working-class families and entrepreneurs, straining budgets and affecting economic prospects.

This legislative session offers a chance to reverse those trends.

Economic growth cannot be ignored as part of this equation. Colorado’s economy thrives on innovation, tourism and agriculture, and I hope lawmakers look to support these industries. Strengthening workforce training programs and expanding access to higher education and trade schools can also ensure Coloradans are equipped for emerging job opportunities. 

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The looming deficit adds complexity to these challenges. Colorado’s Taxpayer’s Bill of Rights (TABOR) imposes strict revenue limits, often constraining the state’s ability to make investments. Legislators need to balance budget discipline with strategic investments to promote long-term economic stability.

Collaboration will be key. Lawmakers from both sides of the aisle must work together to find common ground on policies that make Colorado more affordable and fiscally sound. Leaving ideological arguments at the door and supporting bipartisan initiatives for the good of the state is what we need in order to help Colorado thrive.

The Colorado legislative word of the year should be ‘no’ | COUNTERPOINT

The stakes are high. Families are struggling to keep pace with rising costs, and businesses need stability to plan for the future. Colorado’s elected officials have an obligation to act decisively, balancing compassion with fiscal prudence. If successful, this session could mark a turning point — ushering in an era of affordability, opportunity and sustainability. If they fail, the burden on residents and businesses will only grow heavier. 

This year’s legislative session isn’t just about bills and budgets; it’s about ensuring Colorado’s economic promise remains within reach for all its residents. Here is to hoping that our lawmakers can deliver.

Lisa LaBriola is a principal at Husch Blackwell Strategies and was a Senate Democrat staffer for close to a decade. She served as chief of staff to former Senate Minority Leader Lucia Guzman and former Senate President Leroy Garcia. Opinions expressed here are her own and do not reflect the opinions of any other organizations.