Colorado lawmakers vacated the state Capitol more than a week ago, having done extraordinary bipartisan work with the state’s tightening budget. But Gov. Jared Polis’ vetoes have kept some of the Democrats’ more ambitious goals in check.
On Friday, Polis struck down an attempt to make Colorado more union-friendly, a bill that would have undone decades of compromise between big businesses and big unions in this state. The veto preserved Colorado’s middle-of-the-road Labor Peace Act, but Polis’ decision is one of the most controversial vetoes in recent history. We had joined Polis in calling for a compromise that respected the importance of organized labor and also the importance of keeping union dues and fees in check. Unfortunately, a compromise could not be found, and Polis was right to veto Senate Bill 5.
The entire process of Senate Bill 5 proves that Colorado’s functioning legislative system is good for this state. While Congress refuses to act — on immigration, on the national debt and deficit, on any number of critical measures — Colorado’s General Assembly is having healthy debates and nuanced policy conversations.
The disagreement on Senate Bill 5 came down to a few percentage points, illustrating just how important compromise was. Instead, the issue will head to the ballot box. Colorado voters will likely see competing measures on the ballot this November, asking whether to make the state more pro-business and more pro-union.
Also, in sharp contrast to Congress, Colorado lawmakers were able to balance the budget, despite having to return millions of dollars collected to taxpayers through the Taxpayer’s Bill of Rights refunds. We were disappointed to see that after cutting proposed spending levels, lawmakers dipped into the state’s Unclaimed Property Trust Fund to pay for unfunded projects. While the projects were worthy — funding for safety-net hospitals and fire districts — the move continues a dangerous precedent. Already, the state owes about $700 million to the trust — an unfunded liability.
Polis said he was comfortable signing the two bills because the additional amount — $100 million — is relatively small and the claims on the unclaimed property fund are predictable and steady, meaning it is highly unlikely for the fund to become insolvent in the future. This would be one place we would have liked to see Polis use his veto.
Lawmakers must stop pulling from this fund, unless it is to make loans that are low-risk and present a return on investment to begin paying off the liability. One such proposal was killed this year and would have given homeowners low-interest loans for solar panels.
Aside from our wish for vetoes on those spending bills, we were disappointed in Polis’ veto of Senate Bill 86. The veto rejects reasonable regulation of social media companies, instead allowing Facebook, X, Snapchat, TikTok and others to continue their failure to regulate users who engage in illegal activity like selling drugs or sharing child pornography. The Senate voted to override the veto but the effort to revive Senate Bill 86 died in the House.
The governor was also right to strike down an ill-advised attempt to slow public records access for everyone except “real journalists.”
Colorado lawmakers and Gov. Jared Polis had a good, albeit imperfect, year.
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Originally Published: May 16, 2025 at 5:31 PM MDT
