DENVER (AP) — Colorado’s economy should continue to strengthen next year, boosting tax coffers and helping school funding.
That was the general takeaway from tax projections delivered Friday to state lawmakers.
Economists from the governor’s office and state Legislature delivered their final projections before lawmakers start writing budgets next year. One economist predicted the state would add about 60,000 jobs next year.
Colorado ended last fiscal year with a $1.1 billion surplus.
Most of the surplus will go to K-12 education, which suffered deep budget cuts during the recession.
(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)