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State Economy Continues to Show Signs of Improvement

by KREX News Room
by Associated Press

Story Created: Sep 20, 2012 at 12:40 PM MDT

Story Updated: Sep 20, 2012 at 2:15 PM MDT

DENVER- State economists say Colorado's revenue picture is continuing to improve at a faster-than-expected rate because of taxes on stock sales and oil and gas development.

Economists from Gov. John Hickenlooper's office announced Thursday that the state will take in $239 million more in tax revenue than what they had predicted in June for fiscal year 2012-2013.

The expected general fund revenue of $8 billion for the fiscal year now exceeds the pre-Great Recession peak of $7.7 billion in 2007.

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