All Entries in the "Economy" Category
CATTLE ON FEED
COLORADO The number of cattle and calves on feed for the slaughter market in Colorado feedlots with a capacity of 1,000 head or larger was estimated at 1,010,000 head as of March 1, 2023. The latest inventory was down 2 percent from February 1, 2023 and down 10 percent from March 1, 2022. Cattle […]
Economic Forecast Shows Colorado’s Strong Economy to Continue Growing Faster than Nation
DENVER – The Governor’s Office of State Planning and Budgeting (OSPB) released its quarterly economic forecast today showing Colorado’s strong economy continues to grow faster than other states in the United States. “Colorado’s strong economy continues to grow and outpace other states, and with one of the lowest unemployment rates in the country, Coloradans are […]
Colorado Crop Progress & Condition Report, Week Ending March 12, 2023
AGRICULTURAL SUMMARY: Above average moisture and below average temperatures were observed throughout the state, according to the Mountain Region Field Office of the National Agricultural Statistics Service, USDA. According to the U.S. Drought Monitor, 36 percent of the state was under drought conditions, down from 92 percent a year ago and down from 42 […]
City of Lamar Sales Tax Revenue Report, January 2023
Sales tax revenue for the City of Lamar was 11.53% for January sales, collected this past February. The revenue gain was $34,891.79 with a loss of $8,222.42 for a 33.83% downturn in Use Tax collections. Total sales and Use Tax collections were up 8.24% for a gain of $27,135.57 with 2023 total collections […]
Colorado Employment Situation for January 2023
Unemployment Rate Has Returned to Pre-Pandemic Levels; 800 Nonfarm Payroll Jobs Added in January The annual unemployment rate for Colorado was 3.0 percent in 2022, revised down from the previously published 3.6 percent. The U.S. unemployment rate in 2022 was 3.6 percent. Colorado nonfarm payroll employment increased at an annual rate of 4.1 percent […]
Mile High Youth Corps awarded $342K GOCO Grant to Pilot Conservation Corps Work in Eastern Colorado
DENVER – Today the Great Outdoors Colorado (GOCO) board awarded a $342,445 grant to Mile High Youth Corps (MHYC) to conduct a two-year pilot program to assess the viability and sustainability of an Eastern Colorado-based conservation service corps. The grant is part of GOCO’s Planning and Capacity program, which invests in projects that address […]
AG Weiser Starts National Consumer Protection Week with Top Complaints for 2022
Attorney General Phil Weiser today kicked off National Consumer Protection Week by unveiling the list of the top 10 consumer complaints and inquiries his office received in 2022, which included retail sales, home services and repair schemes, and automotive sales and services. Last year, consumers filed 17,941 complaints and inquiries with the Consumer Protection […]
PEP Annual Meeting set for March 23rd at Las Brisas
Prowers Economic Prosperity will hold its annual meeting, Thursday, March 23rd at 6:30pm at Las Brisas Restaurant in Lamar. PEP project manager, Tallie Harmon, outlined the basic agenda for the annual gathering, informing board members during the February 27th monthly meeting, Gregory Thompson from the state Office of Economic Development and International Trade […]
SCEDD Broadband Initiative
At the January SCEDD Board of Directors meeting, the board voted for SCEDD to move forward with its broadband initiative. This initiative aims to help facilitate the expansion of broadband infrastructure throughout the SCEDD region. With unprecedented state and federal funding on the horizon, SCEDD believes it is uniquely positioned to help facilitate securing […]
Bennet Calls IRS Commissioner O’Donnell About TABOR Payments, Urges IRS to Follow Thirty Year Precedent
Denver — Today, Colorado U.S. Senator Michael Bennet, the new chair of the Senate Finance Committee’s Subcommittee on Taxation and IRS Oversight, released the following statement after his call with acting Internal Revenue Service (IRS) Commissioner Douglas O’Donnell: “I spoke with acting IRS Commissioner O’Donnell to urge him to avoid further confusion and […]
Lamar City Council Updates Senior Center Hours and Procedures
The operation of the Lamar Senior Center was recently undertaken by the City of Lamar. The council, during its February 13th meeting, approved Resolution 23-02-01 which set the hours, days of operation and rental charges for the Lamar Community Resource and Senior Center. The center will operate Monday through Friday from 8:30am to […]
City of Lamar Sales Tax Revenue Report
There were slight gains in sales tax revenue posted from the December 2022 report. City Sales tax revenue was up 1.96% for a gain of $9,918 putting 2023 figures at $515,716 compared to $505,797 for 2022. Use Tax collections were down 10.65% for a drop of $4,887, while Total collections were up 0.75% […]
Business Filings in Colorado Surge in Q4
Denver, Colo – Colorado ended 2022 with continued strong job growth and is outperforming the nation in many areas, according to a report released today by the University of Colorado Boulder and Colorado Secretary of State Jena Griswold. The Quarterly Business and Economic Indicators report is prepared by the Leeds Business Research Division (BRD) […]
Lower Corn Production Nationwide
The following is a brief analysis by Krista Swanson, the lead economist for the National Corn Growers Association. The United States Department of Agriculture released the January World Agricultural Supply & Demand Estimates (WASDE) report yesterday. The expected reductions in use were met with notable changes to U.S. production that resulted in lower-than-expected ending […]
Construction on Escondido Park Soccer Field Continues
Plans to bring the soccer field at Escondido Park up to league status continues with construction on benches and score boards at the site off North 13th Street in Lamar. Lamar Community College and the City of Lamar collaborated on the project as the college began to develop a full-fledged soccer team and […]
