All Entries in the "Economy" Category
Colorado owes taxpayers a total of 1.7 billion in TABOR refunds
The Colorado state government owes taxpayers a total of $1.7 billion in refunds mandated under the Taxpayer’s Bill of Rights. The state collected roughly $1.4 billion more in revenue during the 2024 Fiscal Year than allowed under TABOR, according to a state audit. The state already has roughly $290 million in outstanding TABOR refund liability […]
Coloradans get TABOR refunds in 2025 though amount is lower than 2024’s
Coloradans are getting a present again in the New Year: TABOR refunds worth $1.7 billion. The money is from the Taxpayer’s Bill of Rights program, which remits excess dollars paid in state revenue to eligible Colorado residents. This year’s TABOR refund is significantly lower than the prior year’s, which was $3.28 billion. However, Centennial State residents can […]
Colorado Employment Situation for September 2024
Household survey data According to the survey of households, the number of unemployed individuals grew by 2,300 to 130,800 from August to September. However, due to rounding, Colorado’s seasonally adjusted unemployment rate was unchanged over the same time period at 4.0 percent. The national unemployment rate decreased one-tenth of a percentage point to 4.1 percent from August to September. […]
Colorado policymakers asked PERA what it would take to bolster its odds of full funding. The answer: $13 billion.
The Colorado Public Employees’ Retirement Association has less than a 50-50 chance of reaching its goal of full funding by 2048 Six years and billions of dollars into Colorado’s 30-year pension rescue plan, the Public Employees’ Retirement Association has less than a 50-50 chance of reaching its goal of full funding by 2048. PERA officials […]
Colorado Employment Situation – August 2024 – 7,400 Nonfarm Payroll Jobs Added in August; Unemployment Rate Rises to 4.0 Percent
Household survey data • According to the survey of households, Colorado’s seasonally adjusted unemployment rate increased one-tenth of a percentage point in August to 4.0 percent. The last time the unemployment rate for Colorado reached 4.0% was in January 2022. The number of unemployed individuals grew by 2,200 over the same time period to 128,500. […]
City of Lamar July Sales and Use Tax July 2024
Sales and Use taxes for July of 2024, collected in August, show an overall increase of 7.29% from last year, a difference of $30,332.06. Year to date numbers increased as well, by 8.13%, or $282,022.65. Restaurant and liquor stores saw a decline from last year in July’s numbers, as did other retail and hotel/motels. […]
Over 50% of Ag Economists now think the U.S. ag economy is already in a recession
U.S. corn prices hit a four-year low as the prospect for record corn and soybean crops takes shape in the field. The eroding outlook also appeared in the August Ag Economists’ Monthly Monitor as more economists are concerned U.S. agriculture is either already in a recession or on the brink of one, but economists point out if […]
The Department of Local Affairs Receives Nearly $10 Million From U.S. Department of Energy to Support Economic and Workforce Development in Southeast Colorado
SOUTHEAST, CO – The Department of Local Affairs (DOLA) is proud to announce that its Southeast Economic Development Grant Program (SEED Grant Program) has been selected as one of 20 projects nationwide to receive funding from the U.S. Department of Energy’s (DOE) Transmission Siting and Economic Development Grants Program through the Grid Deployment Office. The program will receive […]
The minimum wage in Colorado and a few local governments is going up again Jan. 1.
Brendan Hartigen brings dirty dishes into the kitchen at The Last Steep Bar & Grill on Elk Avenue in Crested Butte on Aug. 6, 2019. Sean buses tables and does whatever other tasks are given to him. (Dean Krakel, Special to The Colorado Sun) The minimum wage in Colorado and a few local governments […]
More than 62K Colorado workers received FAMLI Benefit Payments in first six months
Colorado’s first-of-its-kind Family and Medical Leave Insurance program sends more than $311 million in benefits to eligible Colorado workers. More than 62,000 Colorado workers have been able to get partial pay replacement when life events forced them to step away from their job this year under the State’s new Family and Medical Leave Insurance (FAMLI) […]
More than 62K Colorado workers received FAMLI Benefit Payments in first six months
Colorado’s first-of-its-kind Family and Medical Leave Insurance program sends more than $311 million in benefits to eligible Colorado workers. More than 62,000 Colorado workers have been able to get partial pay replacement when life events forced them to step away from their job this year under the State’s new Family and Medical Leave Insurance (FAMLI) […]
April Sales & Use Tax collected in May, 2024
The 2024 total Sales & Use Tax collected for April was $468,022.33, an increase of $63,664.77 over 2023’s $404,357.56 (15.74%). Year to date, total Sales & Use Tax collections are up 9.68%, or $208,837.80 over last year. The 2023 total TYD number was $2,157,281.92, compared to this year’s total of $2,336,119.73. Sales/Use Tax Revenue comparison […]
Ground is broken for new Arby’s restaurant in Lamar
With shovels, left to right: Rob Evans, City Administrator; Ron Cook, Prowers County Commissioner; Lamar Mayor Kirk Crespin; Quyntyn Johnson, Senior VP of Operations for LV Petroleum; Michelle Carver, Site General Manager of LV Petroleum; David Zavala, Lamar City Councilman Under a bright blue sky on Saturday morning, June 1, 2024, ground was broken for […]
Lamar prepares for new Arby’s with groundbreaking June 1, 2024
The City of Lamar is proud to announce that LV Petroleum LLC and LV Food Service Concepts have scheduled their ceremonial groundbreaking event for the Lamar Arby’s restaurant on Saturday, June 1 at 9:45 am, with shovels scheduled to turn dirt at 10:00 am. LV Petroleum Vice President of Operations Quyntyn Johnson and Jeff Stelle, […]
Cost of gas in Colorado sparks anger from Governor and consumers
The cost of gas is about to spike in Colorado. How high will it go? The EPA is forcing Colorado to switch to reformulated gas as ground-level ozone hits “severe” during the summer Keep an eye on gas prices in the next few weeks, Colorado, and you can watch a major policy battle play […]
