Economics

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Colorado Economy 

While Colorado’s economy has expanded since the December forecast, the rapid spread of the COVID-19 virus poses a significant risk to the state’s economy. Economic activity is expected to slow sharply over the coming months as schools and businesses close and consumers stay home in an attempt to slow the spread of the pandemic. While this forecast projects that consumer and business activity will return to normal levels relatively quickly once schools and businesses reopen, there is an increasing risk that extended closures could trigger a recession as consumers stay home and workers and businesses lose income.

 

Revenue and Economic Forecast

March 2020 | Past Forecast

Supplemental Material - 03.16.20

Forecast Outlook - 03.16.20

JBC Presentation- 03.16.20

Governors Revenue Estimating Advisory Committee (GREAC)

The Governor's Revenue Estimating Advisory Committee is a Governor-appointed committee of economists and industry leaders from throughout the state. The committee advises OSPB on current economic conditions and trends across Colorado and assists in the development of OSPB's economic and revenue projections.

Members Include: 

Luke Teater - Chair

Alex Hall

Alison Felix

Charles Gwirtsman

David Kelly

Jessica Ostermick

Ken White, JR.

Nathan Perry

Patty Silverstein

Paul Rochette

Rich Wobbekind

Ron New

Sol Halpern

Tom Lipetzky

Trini Rodriquez

Contact Our Economy Team

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.

 

Deputy Director for Tax and Economic Development: Luke Teater