Colorado state revenue expected to rise, give budget a boost
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March 21, 2018
DENVER (AP) — Record-high oil production, rising wages and the anticipated benefits of the new federal tax law will inject hundreds of millions of extra dollars into Colorado's tax collections, giving lawmakers a cushion for the next budget, according to economic forecasts released Monday.
The bipartisan Joint Budget Committee heard testimony about the forecasts that it uses to write the budget for the fiscal year that begins July 1. Democratic Gov. John Hickenlooper had submitted a $30.5 billion budget request that increases education funding, stabilizes state pensions and boosts reserves in...
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