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Budget Related Publications

Forecast December 2017

Subjects
Fiscal Policy & Taxes
State Revenue & Budget
Agency
Agency
Legislative Council Staff
Published
12/20/2017

Focus Colorado presents forecasts for the economy and state government revenue through FY 2019-20. Implications of the forecast for the state's General Fund budget and spending limit are described in the report's highlights and executive summary sections. The report is based on current law, legislation passed by the General Assembly affecting the forecast is described throughout the report.

View Full Report          Economic Outlook Presentation          Consumer Price Index

Focus Colorado Sections:
An executive summary of the full economic and revenue forecast.
 
An overview of what the revenue forecast means for the General Fund budget, transfers to the State Education Fund, Senate Bill 09-228 transfers to capital construction and transportation, and tax policies available only when there is a certain level of growth in General Fund revenue.
 
The General Fund is the state's operating budget fund. It receives 95 percent of its revenue from income and sales taxes. Major General Fund revenue forecasts include:
income taxes;
sales and use taxes; and
cigarette, tobacco products, and liquor excise taxes.
 
Cash funds are seperate from the state General Fund. Cash funds receive revenue from a specific fee or tax that are set aside to be used for a specific purpose. Major cash fund revenue forecasts include:
  • gasoline taxes;
  • vehicle registration fees;
  • gaming taxes;
  • hospital provider fees;
  • severance taxes and federal mineral lease revenue; and
  • unemployment insurance premiums, benefits, and the trust fund balance;
  • marijuana tax revenue.
A summary and forecast of the health of the Colorado and national economy.
 
A summary on the outlook for the school finance from a state budgetary perspective.
 
A summary of assessed values for residential and nonresidential property in Colorado.
 
A summary of projections for K-12 enrollment in Colorado's public schools.
 
A summary of the state's adult prison population and parole caseload.
 
A summary for the population of juvenile offenders administered by the Division of Youth Services (DYS) in the Department of Human Services.
 
Summaries of the current economy in the following regions:
  • Metro Denver: Broomfield, Boulder, Denver, Adams, Arapahoe, Douglas, and Jefferson counties.
  • Northern: Weld and Larimer counties.
  • Colorado Springs: El Paso County.
  • Pueblo and Southern Mountains: Pueblo, Fremont, Custer, Huerfano, and Las Animas counties.
  • San Luis Valley: Alamosa, Conejos, Costilla, Mineral, Rio Grande, and Saguache counties.
  • Southwest Mountain Region: Archuleta, Dolores, La Plata, Montezuma, and San Juan counties.
  • Western: Delta, Garfield, Gunnison, Hinsdale, Mesa, Moffat, Montrose, Ouray, Rio Blanco, and San Miguel counties.
  • Mountain: Chafee, Clear Creek, Eagle, Gilpin, Grand, Jackson, Lake, Park, Pitkin, Routt, Summit, and Teller counties.
  • Eastern: Logan, Sedgwick, Phillips, Morgan, Washington, Yuma, Elbert, Lincoln, Kit Carson, Cheyenne, Crowley, Kiowa, Otero, Bent, Prowers, and Baca counties.
 
Historical economic data for the nation and Colorado.