Colorado’s economic turnaround has a long way to go but appears to be well ahead of schedule, state budget analysts say. In a quarterly presentation at the Capitol, economists working for the legislature and the governor’s office shared an encouraging update Friday: sales tax and income tax collections were stronger in recent months than they previously projected, and state budget writers may have significantly more money to spend this year than they feared at the onset of the pandemic. The analysts also stressed, however, that much remains unknown.
Colorado’s Economic Recovery Is Ahead Of Schedule But Far From Complete, New Forecasts Say
Alex Burness, Denver Post: Business
Fri, 09/18/2020 - 10:06am
Topics: capitol rep daneya esgar d-pueblo lauren larson december the elizabeth ramey colorado joint budget this i june march colorado we re joint budget committee larson colorado s april recovery schedule forecasts state analysts year levels governor employment hole thought spend money shortfall expected lawmakers economy revenue news shared job good tax latest long told shows sector years dropped low-wage sectors earners faster underwater
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