The OSPB economics team serves primarily to provide the Governor and the Budget Director (OSPB director) with timely and accurate information and analysis relating to the economy and State fiscal conditions, focusing on their implications to the State Budget. The economics team also provides research and analysis on tax and fiscal policy issues, and tracks legislation related to these issues.
The Colorado Economic Outlook
Colorado’s economy has strengthened since the June forecast. Job growth has accelerated and the unemployment rate has fallen, while wage growth remains strong, supporting consumer activity. Housing price growth has slowed, contributing to lower inflation. While the ongoing trade war has significant negative impacts on the agricultural and manufacturing industries, Colorado’s economy is projected to grow throughout the forecast period.