NEW: Democrats lose Colorado House supermajority — pending recounts — after GOP wins two more races as final votes are tallied Expect to hear a lot of explanations over the next few months for Colorado’s $1 billion budget shortfall. Cooling inflation will limit how much state spending can increase under the Taxpayer’s Bill of Rights revenue cap, after years of booming growth. Medicaid costs are rising across the country, with state health officials pointing to an aging population simply needing more care. The state also must spend more on K-12 education, because lawmakers eliminated the school finance shortfall and increased funding for programs like special education —
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