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Forecast June 2013

 
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Focus Colorado presents forecasts for the economy and state government revenue through FY 2012-13. 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.

 

Full View Report

 

 

Focus Colorado Sections:

Highlights and Executive Summary

 

A summary of the economic and revenue forecasts and what it means for the state's General Fund budget and spending limits, including a list of legislation affecting the General Fund budget situation.

 

 

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 Fund Revenue

 

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.

 

 

National Economy

 

A summary and forecast of the health of the national economy.

 

 

Colorado Economy

 

A summary and forecast of the health of the Colorado economy.

 

 

Colorado Economic Regions

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.

 

 

Appendix

 

Historical economic data for the nation and Colorado.

 

Photograph captures the Sangre de Cristo Range, courtesy of C.T. Mullis.


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