legislative council
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Colorado’s fiscal future continues to be clouded by tariffs, revenue drops and recession fears
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State economists on Monday presented continuing data that shows a weakened economic outlook for Colorado and continued risks for a near-term recession. The Joint Budget Committee, comprised of six lawmakers from the General Assembly who annually craft the state budget, saw at least some encouraging signs. The committee’s four Democrats lauded last month’s special session,…
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Colorado lawmakers vote to give themselves a pay raise beginning in 2025
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Colorado House Democrats on Thursday voted to boost the pay of General Assembly lawmakers beginning in the 2025-26 fiscal year, with those living in the Denver metro area getting substantially more in actual dollars and rate increase than policymakers who reside outside. The cost to taxpayers for the higher per diems is just shy of…
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Public health emergency provisions still in effect at state Capitol for 2022
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Public health provisions put in place to allow the Colorado General Assembly to operate during the COVID-19 pandemic will still be in effect when lawmakers convene later this week for the 2022 legislative session. A memo released by Legislative Council, which staffs committee hearings, said members of the public can participate in those hearings by either…
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December economic forecasts show the pandemic still affecting state economy
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The COVID-19 pandemic “remains in the driver seat” for Colorado’s economic outlook, according to economic and revenue forecasts presented to the Joint Budget Committee Friday. That’s raising concerns about labor force participation, inflation and the impact on state spending. Still, Colorado’s economy continues to recover, Legislative Council economists said, including a continued decline in the…
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Colorado surplus could top $1.2B, according to latest revenue forecasts
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Colorado lawmakers could have between $956.8 million and $1.22 billion in surplus dollars to put toward education, transportation and other priorities in the 2019-20 budget, according to forecasts Thursday from state economists. The Governor’s Office of State Planning and Budgeting (OSPB), in its latest revenue forecast, said the state’s economic expansion “has continued at a healthy…
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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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HUDSON | With their salaries stalled, Colorado state employees jump ship
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Now that the governor and legislature have guaranteed regular checks will be forwarded to stave off any imminent collapse of Colorado’s Public Employees Retirement Association (PERA), perhaps it is time to examine another unfunded liability that lurks in the state budget. As ominous as the term sounds, an unfunded liability is merely a debt –…
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Interim committee to handle workplace harassment recommendations for Colo. General Assembly
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An interim committee of six legislative members will be tasked with coming up with ideas on how to fix both the General Assembly’s workplace harassment policies, as well as what can be done about the legislative culture that led to formal complaints against five Colorado lawmakers and the expulsion of one. That expulsion – of…
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Who is she? Legislative Council seeks help identifying mystery woman in portrait at Colorado Capitol
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DENVER – Okay, all you Colorado history buffs and longtime politicos: I’ve got a mystery for you to solve. A recent water leak at the state archives forced the hasty relocation of a group of portraits of some of Colorado’s earliest governors – and one mystery woman, possibly from the 1930s. According to Damion Pechota of…
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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…
