Moderate Growth And Belt-Tightening For Colorado Budget

DENVER (AP) — Diminished revenues from Colorado’s depressed energy sector and court-ordered tax rebates to oil companies mean lawmakers will face the prospect of spending cuts to avert a general fund shortfall next fiscal year.
That’s one takeaway from revenue forecasts released Tuesday by legislative and administration analysts.
Chief legislative economist Natalie Mullis said lawmakers could face a $63 million shortfall in funding for education, prisons and other obligations.