Economists are more optimistic about Colorado’s tax revenue future than they were three months ago, even though labor and inflation strains continue and amid uncertainty caused by COVID-19. The headwinds have so far not been “strong enough to slow the impressive growth,” said Meredith Moon, the deputy director of the Governor’s Office of State Planning […]
JBC
Posted inBusiness, Economy, News, Politics and Government
Colorado’s economy has recovered so quickly that the legislature will have to refund taxpayers under TABOR
Colorado taxpayers will be refunded as much as $2.8 billion in tax revenue collected over the three fiscal years because the state’s economic recovery from the coronavirus crisis has been so swift and strong and because of growth limits under the Taxpayer’s Bill of Rights. That’s according to two tax-revenue forecasts — one from nonpartisan […]
Posted inBusiness, COVID, News, Politics and Government
Colorado governor signs $34 billion budget into law, setting aside historic reserves and funding $800M stimulus package
Gov. Jared Polis signed Colorado’s $34.1 billion fiscal year 2021-22 budget into law on Monday, restoring cuts made as the coronavirus crisis descended on the state last year while also saving a historic amount for future economic downturns. The Joint Budget Committee, the legislature’s budget-writing panel, had to contend with constantly changing tax-revenue projections that […]
Posted inEnvironment, Outdoors, Politics and Government
Colorado may legalize sports betting with Prop. DD. But a different gambling expansion didn’t make it.
In an overwhelming bipartisan vote, the General Assembly agreed to put a question before voters Tuesday to legalize sports betting. But in a little-noticed vote in this year’s legislative session, top Colorado lawmakers rejected a different request to expand state-sanctioned gambling. Colorado Voter Guide 2019: What you need to know about propositions CC and DD […]