Comment on Bank unrest clouds Colorado’s budget-setting forecast

Bank unrest clouds Colorado’s budget-setting forecast

Uncertainty in the international financial sector hung a question mark over Colorado’s financial outlook Thursday. The legislature’s Joint Budget Committee, which sets the state’s budget, heard economic forecasts from both legislative economists and the Governor’s Office of State Planning and Budgeting on Thursday. The quarterly forecast is the last before the legislature sets the budget for the upcoming fiscal year. Presenters highlighted overall uncertainty due to continuing inflation and attempts to rein it in via higher interest rates and the ongoing war in Ukraine.

 

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