Colorado Jobs Level Reaches Pre-Recession Peak
DENVER (AP) — The governor’s economists say Colorado’s employment levels are back to where they were before the recession and tax receipts continue to exceed expectations.
Tax receipts are expected to be $307.5 million higher than they predicted in March, meaning the state will end the fiscal year with about $8.6 billion in general fund revenue.
The economists also noted a benchmark Thursday. Colorado now has 2.4 million jobs — the same number the state had in 2008 before the Great Recession hit.
The news came as Gov. John Hickenlooper’s and legislative staff delivered their quarterly economic forecast, the last of the fiscal year that ends June 30.
Economists say Colorado will end with a general fund surplus of $1.1 billion, which by law will be directed to the state’s education savings account.
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