On September 21, the Legislative Council economics staff released their quarterly analysis of the Colorado economy and the revenue projections anticipated for the state. The news was grim yet again. Fiscal year 2009-2010 general fund revenues for the state are projected to be an additional $240.4 million below estimates from June. The FY 2009-2010 general fund budget is now short $560.7 million. This $560.7 million shortfall represents an 8.44% general fund revenue gap from the budget that was adopted and signed into law in May.
Read the complete issue brief here.
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