DENVER (AP) -- Gov. John Hickenlooper's economists are projecting that Colorado's tax receipts will be $159.6 million higher this fiscal year than they projected three months ago.
The additional money from fiscal year 2012-2013 will carry over to the budget that lawmakers will write and vote on in the spring. The additional money is being invested in a savings account for schools.
The economists were expected to release more details of their findings Thursday morning in a presentation to Colorado budget writers. Federal fiscal cliff negotiations and the potential impacts on the state's finances are also likely to be part of the briefing.
The latest figures continue a trend of quarterly forecasts which have shown steady, slow improvement in the Colorado economy. That has allowed more funding for schools.
KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.powered by Disqus