More State Budget Woes

Two new revenue forecasts for the state government were released yesterday, and the news is not good: an additional $240 million revenue shortfall for the 2009-2010 fiscal year. The governor is working with members of the legislature to find additional measures that will help balance the budget. Governor Ritter’s statement and audio comments are available on his website. Check out the economic revenue forecast from the Colorado Legislative Council, Focus Colorado and the September Revenue Forecast from the Office of State Planning and Budgeting for all the details.