Audit finds billions in Colorado unemployment insurance accounting errors

By: Lindsey Toomer

Outlets: Colorado Newsline

Published: March 12, 2026

Words: 533

Last Updated: 4 months, 3 weeks ago

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State auditors found that the Colorado Department of Labor and Employment severely miscalculated how much funding it expected to receive and spend on unemployment insurance last year.

Auditors found several “material weaknesses,” the most serious type of audit finding, most notably within the department’s estimates of its payables and receivables for its unemployment insurance during the 2025 fiscal year. The total amount of accounting adjustments made to unemployment insurance estimates based on audit findings …

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