June 2008 Revenue Projections
On June 23, 2008, Legislative Council presented the June 2008 quarterly revenue projections. The June revenue forecast reviews not only the current conditions but also the impact of recent legislation on future revenue. In addition, it sets the amount for next year’s HB-1310 transfer. The big news was a projected increase in the five-year forecast of total revenue subject to TABOR by $718.4 million over the March forecast. Short-term projected General Fund revenues, however, are now expected to stay the same for FY 2007-08, but fall $66.1 million for FY 2008-09.
Released Aug. 12, 2008

