Colorado’s March 2008 Revenue Forecast

Colorado’s March 2008 Revenue Forecast-Compliments of Capitol Success Group
 
Four times a year the Joint Budget Committee (JBC) asks the Governor’s Office of State Planning and Budgeting (OSPB) and the non-partisan Legislative Council (Leg Council) to each submit quarterly estimates of the revenue forecast for the current year, and for the next five years. This forecast will give the JBC and idea how much money will be in the General Fund (GF), Cash Fund (CF) and how much money the state received under the Referendum C (Ref. C) five-year timeout period.
 
Leg Council and OSPB met with the JBC on March 20, 2008 to report their first quarterly revenue forecast of 2008. As expected, the forecast has decreased since the December forecast and is expected to continue to decrease thought the year.

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