Teachers hope for good news in Colorado tax forecast

By: Associated Press Email
By: Associated Press Email

DENVER (AP) Colorado's strengthening economy has left state government with a $1 billion surplus and an economic outlook that seems to brighten every fiscal quarter.

State educators are hoping for another rosy prediction from Friday's quarterly forecast. That's because voters last month rejected a large income-tax hike for schools. Educators are hoping much of the surplus will be used to backfill school budgets devastated by the recession.

The December forecast is the final one before state lawmakers start work on a budget for the 2014-15 fiscal year.

The state finished with a general fund surplus of $1.1 billion for the fiscal year that ended June 30.

Democratic Gov. John Hickenlooper said Thursday that he hopes some of the surplus can be used on education.

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
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 © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 236718281 - nbc11news.com/a?a=236718281
Gray Television, Inc.