It should be a good 2013 in Colorado. Metro sales tax collections are up 8 percent this year, following a 7 percent increase in 2011. The state’s top economists (both the executive and legislative branches) report state tax revenue is up more than $150 million above estimates of just three months ago due to income and housing prices recovering. The overall state budget is at $8.1 billion, finally above the pre-recession peak of $7.7 billion in 2007.
And, contrary to some analysts who claim Colorado’s population growth has slowed, in fact, the U.S. Census reports Colorado’s growth during the recent 12 months made Colorado the 7th fastest growing in the nation, with the rest of the new oil patch in North and South Dakota, Wyoming and Texas.
Colorado workers, entrepreneurs and investors are on the move. Now, if the politicians just get us off the cliff, 2013 will be prosperous.
Happy New Year Friends!