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COFPI Statement on December Revenue Forecast

The Colorado Legislative Council announced today that the state faces a $631 million shortfall—or about 9 percent of the General Fund—in the Fiscal Year 2008-2009 budget that was approved by the 2008 legislative session. The severity of any cuts to the FY 2008-2009 budget would be magnified because the timeline is compressed into the final six months of this fiscal year, which ends June 30, 2009.

Released Dec. 19, 2008

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