Edit ModuleShow Tags

Colorado: By the numbers


Published:

9 percent - Anticipated decline in Colorado sales- and use-tax revenues for fiscal-year 2008-09 from the previous year. The Office of State Planning and Budgeting attributed the decline in its June 22 revenue forecast to the "rapid collapse auto sales, the rise in fuel prices to nearly $4 a gallon and the subsequent inflationary increase in goods which drove out disposable income."


4.8 percent - Colorado's personal income increase in 2008 from the previous year.


0.2 percent - Colorado's projected personal income increase in 2009 over 2008. It is projected to increase 2.5 percent in 2010 as the economy is expected to begin expanding.


35.3 percent - Decrease in housing starts in Colorado in 2008. Housing starts are projected to decrease 44.2 percent in 2009 and increase off that low base by 41.5 percent in 2010.


Sources: Colorado Office of Planning and Budgeting, June 2009 Revenue Forecast.

Edit Module

Get more of our current issue | Subscribe to the magazine | Get our Free e-newsletter

Edit ModuleShow Tags

Archive »Related Articles

Key to growth: A relationship with your lender

It isn’t a secret – Colorado’s economy is vibrant and strong. New developments continue to spring up across the state, many entrepreneurs have started new businesses, and many more companies are growing and need resources to meet their increased demand. What’s the secret to ensure business owners...

Do we need a new word for entrepreneur?

Has the word entrepreneur become too trendy as to have lost its meaning? I’m hearing it and the word entrepreneurship being used in so many conversations incorrectly. I’m critical of the use of the word "entrepreneur"...are you?

Hot tips for emerging company boards

Emerging companies comprise a significant portion of Colorado businesses. Venture capitalists, angel investors and founders make up the shareholders and the boards of directors of many of these companies. I spoke recently to Fran Wheeler, a partner in the Business Department of the Colorado Office...
Edit ModuleShow Tags

Thanks for contributing to our community-- please keep your comments in good taste and appropriate for our business professional readers.

Add your comment: