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Posted: 8:58 AM Dec 20, 2011
Economists to present Colo. revenue forecast
DENVER (AP) -- Colorado Economists are presenting the State's latest revenue forecast as lawmakers prepare to start the 2012 session next month.
Reporter: Associated Press Email Address: tips@nbc11news.com` |
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DENVER (AP) -- Colorado Economists are presenting the State's latest revenue forecast as lawmakers prepare to start the 2012 session next month.
Gov. John Hickenlooper's Economic Team and Nonpartisan Legislative Economists will present their forecasts to the Joint Budget Committee Tuesday morning. The report to lawmakers plays a role in crafting the State Budget.
Hickenlooper's proposed budget for next year includes about $679 million in cuts. About $89 million of that could come from K-12 schools and about $60 million from Public Colleges.
The Governor's Economic Team said in September that Colorado's General Fund revenue was expected to grow by about $57.8 million in the current year. That's an increase of 0.8 percent from last year.
(COPYRIGHT 2011 BY THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.)
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