State economists: Colorado state revenues increasing

They told lawmakers Monday that general fund revenue could increase significantly in the fiscal year that begins July 1.

AP_LOGO_02

Colorado’s strong economy and the new federal tax law are boosting the state government’s revenues.

That’s the word from the state’s chief legislative and executive branch economists.

They told lawmakers Monday that general fund revenue could increase significantly in the fiscal year that begins July 1 — up to $1.3 billion more than is budgeted for the current fiscal year.

Their forecasts are used by the bipartisan Joint Budget Committee to draft the 2018-2019 state budget.

The federal tax law is encouraging business investment and will increase state tax collections, which are tied to higher federal tax collections.

The economists warn the state’s outlook could change quickly depending on unforeseen economic or political developments at home and abroad.

Hi! You’re like us!

Looks like you’re the type of person who reads to the ends of articles! Well, true believer, you might really like our morning newsletter. It’s quick, free and gets you up to speed on the important and delightful things happening right here in Denver.

Thanks for reading another Denverite story

Does Denverite help you feel more connected to what’s up in your area? Do you want to be a part of it?

Member donations are critical to our continued existence and growth.

Thanks for reading another Denverite story

Does Denverite help you feel more connected to what’s up in your area? Do you want to be a part of it?

Member donations are critical to our continued existence and growth.

You’re our superpower

Denverite supporters have made the decision to financially support local journalism that matters to you. Ready to tell your networks why? Sharing our “About” page with your own personal comments could really help us out.

You’re our superpower

Denverite members have made the decision to financially support local journalism that matters to you. Ready to tell your networks why? Sharing our “About” page with your own personal comments could really help us out.

Tagged

economy, public