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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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SB 267 for rural Colorado again causing conflict between governor and Republicans
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UPDATED: 1/5/18 1:24 p.m.: Colorado Politics has learned that the House Republicans today filed an open records request to obtain those budget documents. ___ Last year’s omnibus bill, intended to help rural hospitals and schools, is once again causing trouble at the state Capitol that could set up a showdown between House Republicans and 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…
