News You Should Know: Colorado Lawmakers Finalizing State Budget

Lawmakers Finish Drafting Colorado’s Budget with Final Round of Major Cuts to Address Roughly $1.5 Billion Shortfall | The Colorado Sun

State lawmakers are working on finalizing the fiscal year 2026-2027 budget after months of work to identify approximately $1.5 billion in spending cuts. Medicaid costs account for a large portion of state spending and were also a major focus of budget cuts. Once the Legislature approves a budget, it will go to Governor Jared Polis for action.

The Hazards of Mandating Social Security for the Public Sector (PDF) | Coalition to Preserve Retirement Security

Like many public employees across the country, most PERA members do not participate in Social Security for their retirement or survivor and disability benefits. There are sometimes calls to mandate Social Security for all public employees, but a new report highlights the significant added costs and other issues that could arise from requiring participation.

What’s the Real Retirement Age in America? Here are 4 Guesses | USA Today

When do American workers actually retire? It can vary widely based on personal circumstances, but according to some research, the average retirement age has been inching upward over the past several decades.

Financial Literacy Quiz: How Much Do You Know About Money? | NerdWallet

April is Financial Literacy Month, which provides a great opportunity to test your own knowledge about money. This quiz from NerdWallet covers the basics on topics such as taxes, saving, and debt.

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News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.