Forecast Update May 2020
Fiscal Policy & Taxes
State Revenue & Budget
Focus Colorado presents forecasts for the economy and state government revenue through FY 2019-20. Implications of the forecast for the state's General Fund budget and spending limit are described in the report's highlights and executive summary sections. The report is based on current law, legislation passed by the General Assembly affecting the forecast is described throughout the report.
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Focus Colorado Sections:
An executive summary of the full economic and revenue forecast.
An overview of what the revenue forecast means for the General Fund budget, transfers to the State Education Fund, Senate Bill 09-228 transfers to capital construction and transportation, and tax policies available only when there is a certain level of growth in General Fund revenue.
The General Fund is the state's operating budget fund. It receives 95 percent of its revenue from income and sales taxes. Major General Fund revenue forecasts include:
sales and use taxes; and
cigarette, tobacco products, and liquor excise taxes.
Cash funds are separate from the state General Fund. Cash funds receive revenue from a specific fee or tax that are set aside to be used for a specific purpose. Major cash fund revenue forecasts include:
vehicle registration fees;
hospital provider fees;
severance taxes and federal mineral lease revenue; and
unemployment insurance premiums, benefits, and the trust fund balance;
marijuana tax revenue.
A summary and forecast of the health of the Colorado and national economy.
Historical economic data for the nation and Colorado.