Wednesday, September 24, 2008

Colorado September Revenue Forcast

Four times a year the Joint Budget Committee (JBC) asks the Governor’s Office of State Planning and Budgeting (OSPB) and the non-partisan Legislative Council (Leg Council) to each submit quarterly estimates of the revenue forecast for the current year, and for the next five years. This forecast will give the JBC and idea how much money will be in the General Fund (GF), Cash Fund (CF) and how much money the state received under the Referendum C (Ref. C) five-year timeout period.
Leg Council and OSPB met with the JBC on September 22, 2008 to report their third quarterly revenue forecast of 2008.

Legislative Council’s Forecast Estimate

Total revenue has decreased by 2% ($887.4 million below the amount June Forecast). The General Fund is estimated to be $127.1 million below the 6% spending limit

To view Leg Council’s Revenue Forecast in its entirety, visit the link below.
http://www.state.co.us/gov_dir/leg_dir/lcsstaff/Scrollpages/EconForecastScroll08.htm


OSPB’s Forecast Estimate
General Fund revenue is expected to reach $8 million in FY 2008-09. The General Fund is estimated to fully appropriate up to the 6% spending limit

To view OSPB’s Revenue Forecast in its entirety, visit their website at http://www.colorado.gov/cs/Satellite?c=Page&cid=1189067510981&pagename=GovRitter%2FGOVRLayout
Posted by at

1 comment:

Capitol Success Group said...

“Colorado's economy continues to hang in there despite the instability at the national level,” said Todd Saliman, director of Gov. Ritter’s Office of State Planning and Budgeting. “Our revenue forecast includes a downturn, but that downturn is moderated by strength in tourism, renewable energy, traditional energy and biosciences.”

September 24, 2008 at 11:56 AM

Post a Comment

Subscribe to: Post Comments (Atom)