FOR IMMEDIATE RELEASE
Sat., Mar. 20, 2021
Lockwood hits Polis for $1 billion Covid-relief missing, calls for investigation
Calls missing funds “obscene,” “moral outrage” and calls for further audit
DENVER–A state audit of Colorado’s unemployment insurance fund through just summer of 2020, shows the Polis administration lost at least a billion dollars of Covid-relief funds and tax dollars from job providers for unemployment. Colorado Republican Jonathan Lockwood released the following statement on the audit of the Colorado Department of Labor and Employment (CDLE):
“There needs to be a legislative investigation and hearings on how this happened and hold accountable who is responsible. This is business as usual for the Colorado executive branch, where tax dollars are treated like Monopoly money and slot machine winnings by failed leadership. As Coloradans literally die, the state wastes, abuses and steals tax dollars they worked to create. Coloradans are losing their lives, loved ones and livelihoods and the state is losing funds that were supposed to help them.
“I’m calling for an investigation into where the money went and how it went missing. We must demand accountability and figure out how much more also went missing from June 2020 until now. Then we must also ensure that not another single dime meant to provide relief for suffering Coloradans goes missing. This is obscene and it is a moral outrage.”
“The State of Colorado did not have an adequate methodology to substantiate the estimated amount of receivables and payables within the Unemployment Insurance Fund of $510 million and $872 million, respectively, as of June 30, 2020,” the audit stated. Meaning at least $510 million received by CDLE from employer premiums, and from Congress through the CARES Act, was lost. Another $872 million in unemployment claims through June 30, 2020, could also not be tracked, per NBC.
“Yes, our books on this were a little shoddy for the auditors, and we have gone back and addressed and we are working to make sure that this, again, does not happen,” said CDLE Chief of Staff Daniel Chase.