Editor’s Note: State Bill Colorado premium subscribers can listen to Monday’s budget presentations by clicking on the player below.

Lawmakers on Monday began a round of hearings on the proposed 2010-11 state budget, a spending plan that anticipates a revenue shortfall of as much as $1.3 billion, The Denver Post reports. An economic forecast released earlier this month shows the state could be dealing with a revenue shortfall of as little as $212 million in the 2010-11 fiscal year, which begins in July. But on that point, economists warned the figure is likely to be significantly higher. House committees met throughout the day with members of the Joint Budget Committee to discuss the 2010-11 budget as proposed by the JBC. The current budget plan largely follows recommendations Gov. Bill Ritter laid out in November.