henry sobanet
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Q&A with Henry Sobanet | Colorado’s fiscal Jedi moves on
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They say no one can serve two masters. But how about two governors – from opposing political parties? Such has been the odyssey of Henry Sobanet. He was budget czar – keeper of the keys to Colorado’s fiscal star chamber – for former Republican Gov. Bill Owens as well as current Democratic Gov. John Hickenlooper. Holding…
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Colorado revenue forecast: Severance taxes on the rebound
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Colorado economists reported Wednesday that the state’s severance tax revenues from oil and gas operations – in the doldrums for the past several years due to low oil prices – are on the rebound in a big way. State lawmakers also can anticipate another healthy year of corporate and individual income tax growth, and that may…
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Hickenlooper’s long-time budget director to leave
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Henry Sobanet, who has led the governor’s Office of State Planning and Budgeting (OSPB) for the past seven years, will leave at the end of June, according to an announcement Tuesday from Gov. John Hickenlooper. Sobanet has been the go-to person on the state budget for several gubernatorial administrations; he also was the budget director for…
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INSIGHTS: Payroll and PERA give Colorado’s state workers jitters over how and how much
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State employees have enough to worry about right now. It is inevitable they’ll be taking a hit in their paychecks or pensions as Colorado lawmakers try to fill a hole that’s at least $32 billion deep over the next three decades. And it’s not at all clear whether state workers will get a pay raise…
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State revenue forecasts show uptick in economy, tax dollars
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DENVER – The news about Colorado state revenues is either good, or very good, according to the number-crunchers at the state Capitol who keep an eye on Colorado’s revenue picture. In both cases, the news was good enough for Gov. John Hickenlooper to hike the amount of money he wants to put into transportation, both…
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Monday’s revenue forecast to set the stage for state spending
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On Monday the most anticipated revenue forecast of the year will be presented to the Joint Budget Committee (JBC) and other lawmakers – one that could determine just how much of a surplus is available for Colorado’s 2018-19 budget and beyond. The March 19 revenue forecast is among the final steps before the JBC releases its…
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Stalemate over transportation solution continues at Colorado Capitol
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Just how much Colorado’s General Assembly should put toward funding the $9 billion wish-list for transportation projects across the state is still unresolved between the House and Senate. A series of ballot proposals, unveiled last week by a coalition – Move Colorado, led by the Metro Denver Chamber of Commerce – would ask voters to increase the…
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Hickenlooper seeks more money for transportation and rural K-12
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Rural schools could get an additional $30 million, on top of the $30 million granted through a 2017 bill, under a revised budget proposal submitted by Gov. John Hickenlooper Tuesday. The money would come from higher taxes Coloradans will pay under the Tax Cuts and Job Act recently signed into law by President Donald Trump.…
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December revenue forecasts begin to look at impact of federal tax law on Colorado
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While Colorado’s economy is still on the upswing, state economists are waiting to see what comes out of Washington, D.C., in the weeks and months ahead, and how federal tax reform legislation will affect Colorado’s coffers. But the news looks good for possible funding bumps for transportation, one of the major issues left behind in…
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This is how rumors get started
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Henry Sobanet, the governor’s go-to on the budget, is widely regarded as the best numbers guy in the state when it comes to the budget and complex financial issues. Sobanet works equally well with Republicans, having served as budget director for Gov. Bill Owens a decade ago, and in the same role for the past…
