From Gov. John Hickenlooper’s Office of State Planning and Budgeting today:
The Governor’s Office of State Planning and Budgeting (OSPB) announced today state general fund revenue is projected to be $239.5 million higher in the current fiscal year than was forecast in March.
Under current law, the excess funds will spill into next year’s budget and will be transferred to the State Education Fund based on current expenditures. This fund supports per-pupil funding in Colorado school districts.
“Colorado is seeing growth in a variety of industries and is on the right path forward,” said Gov. John Hickenlooper. “But we still have a long way to go to fully recover from the recession. That’s why we remain laser-focused on making Colorado the most pro-business state in the nation.”
State Sen. Mary Hodge, vice chair of the Joint Budget Committee:
Senator Mary Hodge (D-Brighton), Vice-Chair of the Joint Budget Committee, offered the following comment on today’s economic forecasts:
“I’m proud to see the hard work of the Legislature and the Governor pay off. Our budget remains in balance, we are prepared for the future, and Colorado’s economy continues to outperform the nation. Though the economic outlook remains uncertain, mostly due to the situation in Europe, the economy is continuing to grow. Signs of strength and growth in Colorado’s manufacturing, banking, and housing industries are just a few of the reasons to be optimistic. We need to build on our progress and continue to focus on job creation and improving economic opportunities for families and businesses throughout the state.”
But before we get too celebratory, Hickenlooper’s release reminds us:
Despite the growth, state general fund revenue is nearly $1 billion less (when adjusted for inflation) than it was five years ago…
But for the moment, you can look on the bright side. It’s trying like hell to get better out there.
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I read today, “Americans Say They are Better Off Since Obama Took Office.”
Not to be Happy Hannah but I’m seeing the same thing where I live.
I think the crisis in Europe is making a lot of folks on Wall Street nervous, as well as investors. Spain and Italy are next up for bailouts, Greece is still blaming everybody but themselves, and Portugal is due for another installment on being saved.
All things considered, I think the US is pulling out of the Second Great Depression better than most folks on the right would like to see. The worse the economy, the better their chances in November, even if it is at the expense of people like me.
From the looks of Bloomberg’s poll, it appears most Americans would rather see our politicians reinvest in our future and help pull us out of our slump than play politics with our lives.
1. Thank goodness Republicans fought for the senior homestead exemption.
2. When will Proposition 103’s backers apologize?
Fuck all that roads, education, veterans programs, infrastructure, police, firefighters jazz – I smell a 240 million dollar tax cut !
You swindled the people out of their TABOR refunds, remember?
for such a stupid comment.
Listen asshole. It was those dear precious voters that you believe are the ultimate authority on taxes who by a majority vote approved Ref. C. Not everyone is as stupid about funding our public institutions as you.
Being a lackey for the rich, I guess it doesn’t bother you to ignore the will of the people when they vote for preserving our public institutions instead of your phony narrative that all government is bad all the time and doesn’t deserve any funding. What a hypocritical dick.
Gilpin Guy,
So let me see if I get your position.
Rather than get a job from a rich person or build a successful enterprise and build your own wealth, you and a group of people are going to band together, build a stock pile of guns (aka monopoly of violence), call yourself government and then use the GunsofGovernment to steal rich people’s money.
In Gilpin Guys words, I think I will stick to being a latchkey for the rich.
What a hypocritical, violent, theif.
because those are absolutely the only two choices ! Simpleton.
Are you saying I presented a false dichotomy? Please do present the other choices.
Get a job from a rich person and build a successful enterprise, AND, AND Albert, make sure the government is funded adequately so our bridges don’t fall down, our kids receive an adequate education, our court system functions, and we can provide adequate security and police protection for our citizens.
That is one of a myriad of choices.
At least you understand that you are presenting a false dichotomy.
and if you think taxes are “stealing rich peoples money” then maybe somewhere like Mogadishu is better for someone of your mindset.
Theft is theft. I do not like it when we steal from the “rich” or when they steal from middle class or poor. Humanity should condone rather than advocate theft.
It was voted on by the PEOPLE.
I always find it fascinating how right wingers are all about the “people” until they vote against their interests. Buttsore losers.
Honestly, I do not comprehend your response but I will rebut anyways. Our courts could locate in a strip mall and function just fine; instead court houses and the New Denver Judicial Complex are literally, the grandiose structures in all the State.
Bridges to nowhere, union wages, Davis Bacon, inferior concrete and pavement……….
PERA, early retirement, 5 months guaranteed off days or in service, etc…….. I have 45 dollars’ worth of work books I grabbed from Barnes and Noble and my kid is learning second grade because first grade dumbed him down from the COVA school kindergarten I taught. Kids that do not speak English and parents who do not teach their children how to read mixed with kids who stand a chance. Let me see; is a drop of poison in a glass of water poison? Adequate?
Wake up and face reality, it is not working like you say/imagine! More money and more power will only intensify problems.
are NOT the problem. Indeed they are parts of the solution. If any govt thinks the union wages and benefits are too high they simply have to have good negotiatiors and their negotiators must have good, fair parameters for negotiation. Union contracts are negotiated not forced down one’s throat.
TABOR 1W 8L
Ref C 1W 0L
Every time you defend TABOR, you say that all it does is get permission from the taxpayers to raise taxes.
Ref C did that.
Your side lost.
Get over it.
Ref C is okay, it happened. It is the other side of the DD coin.
after the end of term 2, and before being elected president of another country ;)(to entertain the right wing hack freaks), President Obama can write a book. “How to Improve an Economy on the Brink of Depression While the Rich Preserve Their Tax Cuts”
any calls for more tax cuts yet?
WTF, . . . this is still “Taxorado,” isn’t it? Where is everybody? . . .
Is this some kind of right-wing, flash mob holiday today?
to see Hickenlooper use terms like “the most pro-business” state.
At least Ritter had a commitment to a specific business model based on future employment. All that Hickenlooper can throw around are hints at de-regulation efforts to entice businesses.