Colorado unemployment dropped to 6.0 percent in April, the lowest level the state has seen since the beginning of the recession.
Large, destructive wildfires and historic flooding put a dent on Colorado’s finances, influencing Gov. John Hickenlooper’s latest budget proposal Friday, but the state is doing well enough that colleges and schools will see more funding.
There was a big milestone for the real estate recovery in Denver. Home prices broke a record in May for the first time since the market crashed.
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.
Gov. John Hickenlooper told lawmakers Wednesday to remain cautious while preparing the state budget because Colorado’s economic recovery could be impacted by federal cuts and worldwide forces.
Colorado Gov. John Hickenlooper’s budget proposal released Thursday includes more funding for education, more Medicaid spending, and pay increases for state employees for the first time in five years.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
A battle is under way in Congress over renewing tax credits for wind energy production. Sen. Michael Bennet is among the Colorado leaders who are fighting to get the extension back on the table.
Schools aren’t being cut for the first time in years as the state slowly recovers from the Great Recession, a relief to public school districts that have let go of teachers, cut extracurricular activities and increased class sizes.
More good news for Colorado’s budget – improving finances mean lawmakers may not have to choose between giving seniors a property tax or restoring some education cuts made during the depths of the recession.