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Budget Related Publications

Forecast December 2018

Focus Colorado presents forecasts for the economy and state government revenue through FY 2020-21. Implications of the forecast for the state's General Fund budget and spending limit are described in the report's highlights and executive summary sections. The report is based on current law, legislation passed by the General Assembly affecting the forecast is described throughout the report.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes
  • State Revenue & Budget

Fiscal Policy & Taxes

Understanding the State Budget Information Paper

Understanding the State Budget: The Big Picture

Each year, the General Assembly is tasked with balancing constitutional, statutory, and federal requirements with a host of other considerations, such as competing policy priorities, caseload pressures, and the health of the state’s economy, in order to create a budget.  This report is intended to serve as a primer on Colorado’s budget and some of the factors that help shape it.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes
  • General Assembly
  • State Revenue & Budget


Final/Annual Reports

2018 Alternatives to the Gallagher Amendment Interim Study Committee Summary Report

Summary Report for the Alternatives to the Gallagher Amendment Interim Study Committee to the Legislative Council.  The committee was created pursuant to Interim Committee Request Letter 2018-02. The committee is charged with studying the following:

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes
  • General Assembly
  • State Revenue & Budget


Budget Related Publications

Forecast September 2018

Focus Colorado presents forecasts for the economy and state government revenue through FY 2020-21. Implications of the forecast for the state's General Fund budget and spending limit are described in the report's highlights and executive summary sections. The report is based on current law, legislation passed by the General Assembly affecting the forecast is described throughout the report.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes
  • State Revenue & Budget




Tax Expenditure Evaluation

Farm Close-Out Sales Tax Exemption

Report No. 2018-TE3

Note: A more recent evaluation was issued in May 2023. Click HERE to access the May 2023 report.

Release date:
Publishing Agency:
Office of the State Auditor
Subjects:
  • Agriculture
  • Fiscal Policy & Taxes


Tax Expenditure Evaluation

Credit for Taxes Paid to Other States

Report No. 2018-TE5

Note: A more recent evaluation was issued in May 2023. Click HERE to access the May 2023 report.

Release date:
Publishing Agency:
Office of the State Auditor
Subjects:
  • Fiscal Policy & Taxes


Tax Expenditure Evaluation

Sacramental Wines Excise Tax Exemption

Report No. 2018-TE7

Note: A more recent evaluation was issued in May 2023. Click HERE to access the May 2023 report.

Release date:
Publishing Agency:
Office of the State Auditor
Subjects:
  • Fiscal Policy & Taxes
  • Liquor, Tobacco, & Marijuana

Tax Expenditure Evaluation

Long-Term Lodging Exemption

Report No. 2018-TE8

Note: A more recent evaluation was issued in January 2023. Click HERE to access the January 2023 report.

 

Release date:
Publishing Agency:
Office of the State Auditor
Subjects:
  • Fiscal Policy & Taxes
  • Housing




Tax Expenditure Evaluation

Wholesales Sales Tax Exemption

Report No. 2018-TE12

Note: A more recent evaluation was issued in August 2023. Click HERE to access the August 2023 report.

Release date:
Publishing Agency:
Office of the State Auditor
Subjects:
  • Fiscal Policy & Taxes


Summary of Major Legislation

Summary of 2018 Fiscal Policy and Taxes Legislation

The General Assembly considered bills that modified the responsibilities of the Colorado Department of Revenue (DOR), clarified taxing requirements, and made changes to the tax remittance process. 

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes
  • State Revenue & Budget

Budget Related Publications

Forecast June 2018

Focus Colorado presents forecasts for the economy and state government revenue through FY 2019-20. Implications of the forecast for the state's General Fund budget and spending limit are described in the report's highlights and executive summary sections. The report is based on current law, legislation passed by the General Assembly affecting the forecast is described throughout the report.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes
  • State Revenue & Budget

Fiscal Policy & Taxes

Federal Tax Legislation Interested Persons Memo

The passage of the federal Tax Cuts and Jobs Act (TCJA) is expected to increase Colorado’s state income tax revenue beginning in FY 2017-18 through at least FY 2026-27.  Revenue impact estimates are currently unchanged from those published in the December 2017 Legislative Council Staff forecast.  However, these estimates are subject to downside risk, where unexpected shifts in taxpayer behavior could result in significantly smaller revenue increases than those estimated.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes

Summary of Major Legislation

Summary of 2017 Tax and Finance Legislation

The Colorado General Assembly considered a number of bills during the 2017 legislative session regarding the administration of taxes, and state taxes and tax programs.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes
  • State Revenue & Budget

Budget Related Publications

Economic Outlook Presentation March 2018

Economic Outlook for the U.S. and Colorado

The ongoing expansion in the U.S. economy is fueld by consumer contributions.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes
  • State Revenue & Budget