DENVER— State economists presented economic forecasts and state revenue projections to legislators today. Legislative Council Staff and the Governor’s Office of State Planning and Budgeting both prepare quarterly forecasts legislators use to prepare the state budget.
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.”