Colo. revenue picture continues to improve

Published September 20, 2012 7:27pm ET



DENVER (AP) — Colorado’s revenue picture is continuing to improve at a faster-than-expected rate because of taxes on stock sales and oil and gas development, state economists said Thursday, but they predicted growth will slow because of federal and global uncertainties.

Economists from Gov. John Hickenlooper’s office said the state will take in $239 million more in tax revenue in the current fiscal year, which began in July, than originally predicted. The growth brings the expected general fund revenue to $8 billion for the fiscal year, barely exceeding the pre-Great Recession peak of $7.7 billion in 2007.

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