The Haxtun-Fleming Herald - What can we reason but from what we know? -Alexander Pope

By Marianne Goodland
Legislative Reporter 

Colorado's revenue forecasts uncertain; culprits - oil & COVID

 

March 25, 2020



While the General Assembly paused the session for two weeks, due to the novel coronavirus outbreak, lawmakers are still working behind the scenes.

That includes the budget writers of the Joint Budget Committee, which on March 16 got some bad news about State revenue projections that they were to use to do final work on the 2020-21 State budget.

Instead of an expected $832 million to pay for new programs and mandated cost increases, available revenue increases were estimated at $27.3 million. That’s not even enough to cover mandated inflationary increases for K-12 education and federal...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2020