After floods, Colorado getting key economic report

By: Associated Press Email
By: Associated Press Email

DENVER (AP) Economists are delivering the latest snapshot of how Colorado's economy is performing as the state deals with the aftermath of historic flooding.

The economic figures being released Friday are crucial because they will influence Gov. John Hickenlooper's November budget proposal to lawmakers for the coming year.

The previous forecast released in June showed the state economy continued to grow, with employment levels back to where they were before the 2008 recession. Tax receipts also continued to increase and the state finished with a general fund surplus of $1.1 billion.

But the floods that devastated much of northern Colorado last week will likely also be on the minds of economists and lawmakers as they try to determine any impacts on the state budget.

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