Colo. Bracing For Grim Tax Forecast

By: Associated Press Email
By: Associated Press Email

Denver (AP) It’s bad, but it could be worse. That’s the size of a state tax forecast expected Friday that likely will show the effects of a cooling economy on Colorado government.

Gov. Bill Ritter says the state revenue forecast will show slipping tax receipts, an indication the economy is shrinking. But he says the forecasts, which are used to map state spending, are much worse in other states.

Ritter told reporters Thursday that the projections will show Colorado is not immune to a national recession. But he says Colorado is holding up ok considering the recession.

Ritter already has said budget cuts are coming next year. He announced a state hiring freeze in September.

Post Your Comments

KKCO NBC 11 News
2531 Blichmann Avenue
Grand Junction, CO 81505

Station Phone: 970.243.1111
Business Fax: 970.243.1770
Newsroom Fax: 970.245.3793
News Tip & Contest Line: 970.255.8477
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 36438309 -
Gray Television, Inc.