State budget forecast released today

By: Associated Press Email
By: Associated Press Email

Colorado lawmakers are hoping a new economic forecast won't force them to make deeper cuts in the state budget.
Legislative economists plan to release the forecast today.
In it, they'll try to predict how much tax revenue the state should expect to get through June, the end of the state's fiscal year.
Economists have said that tax revenue dropped by 2.4 percent between July and February.
But that's only one of many factors they're taking into account in trying to predict state revenue.
So far, lawmakers have been anticipating a $600 million drop in revenues.


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