Colorado expected to receive higher revenue
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.
You must be logged in to post comments.
Gray Television, Inc. - Copyright © 2002-2013
Designed by Gray Digital Media