Tag: office of state planning and budgeting
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Economists: Colorado budget improves slightly, but deficits still loom
State economists reported a stronger-than-expected bump in general fund revenue driven largely by higher individual income tax collections, yet warned that Colorado remains on track to begin the next fiscal year with a sizable shortfall. State economists upgraded “significantly” the amount of general fund revenue the state is taking in this year from their March…
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Colorado revenue forecast worsens, pushing budget shortfall to nearly $1.5B
The latest revenue forecasts from economists at the state Capitol show that the state’s budget predicament has worsened — by hundreds of millions of dollars more. That, in turn, means cuts programs and services in next year’s fiscal budget will go much deeper. The state’s fiscal predicament also means no refunds for Colorado residents. Economists…