Colorado is beginning to recover from the Great Recession.
Revenue estimates released today by the Legislative Council staff show that General Fund revenue for the current fiscal year is projected to come in about $230 million higher than estimated in December. Partly due to the increased revenue and the budget actions already taken by the legislature and governor, the General Fund is in balance for the current fiscal year.
Economists with the Legislative Council project that General Fund revenues in the current fiscal year will come in $240 million below budgeted appropriations. This is even after the $320 million in cuts Gov. Bill Ritter announced in August.