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State revenue forecast to be made today
Posted: Dec 20, 2011 3:13 AM by Kate Richards
DENVER (AP) - Colorado economists are presenting the state's latest revenue forecast as lawmakers prepare to start the 2012 session next month.
Gov. John Hickenlooper's economic team and nonpartisan legislative economists will present their forecasts to the Joint Budget Committee this morning. The report to lawmakers plays a role in crafting the state budget.
Hickenlooper's proposed budget for next year includes about $679 million in cuts. About $89 million of that could come from K-12 schools and about $60 million from public colleges.
The governor's economic team said in September that Colorado's general fund revenue was expected to grow by about $57.8 million in the current year. That's an increase of 0.8 percent from last year.
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