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Economic Forecast.pdf

dec2018forecast.pdf

🔗 Source: leg.colorado.gov

📊 Size: 3.52 MB

👤 Author: Kate Watkins

⬇️ Downloads: 224

Summary

Colorado's General Fund ended FY 2017-18 with a $1.37 billion reserve and is expected to end FY 2018-19 with a 9.9% reserve. Revenue subject to TABOR is expected to exceed the Referendum C cap, resulting in TABOR refunds. The General Assembly is projected to have $1.22 billion more to spend or save in the General Fund than budgeted. Forecast uncertainty is elevated due to recent changes in federal tax law, with risks skewed to the upside for the current fiscal year and to the downside for the longer term. The US and Colorado economies are expected to continue expanding, but at a slower pace, with growth slowing down as the stimulative impacts of federal tax cuts wear off.

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Description

Colorado's General Fund ended FY 2017-18 with a $1.37 billion reserve and is expected to end FY 2018-19 with a 9.9% reserve.

Technical Information

File Format: PDF
File Size: 3.52 MB
Pages: 133
Language: EN
Author: Kate Watkins
Total Downloads: 224
Last Updated: 1 week ago

Document Overview

This PDF document about Economic Forecast provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Economic Forecast.