All Entries in the "Economy" Category
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 […]
March Sales and Use Tax 2024 – City of Lamar
March’s sales/use tax collections were up 8.52% from the same time period in 2023. The collected 3% city tax for the month of March was $458,964.62, $45,268.98 more than in 2023. Use tax collected was $32,356.98, $10,103.37 less than in 2023. Other collections (penalties and interest, licenses, A/Rs) was $497,490.89, $39,042.65 more than in 2023. […]
Colorado Employment Situation – April 2024
Household survey data According to the survey of households, Colorado’s seasonally adjusted unemployment rate was flat from March to April at 3.7 percent. The number of unemployed individuals grew by 1,900 over the same time period to 120,100. The national unemployment rate increased one-tenth of a percentage point to 3.9 percent from March to April. Colorado’s labor force increased by 1,500 […]
Colorado owes residents $67M in tax refunds
The state owes Colorado residents $67 million in tax refunds that should have been paid out years earlier, a costly mistake lawmakers are now working to fix, having discovered the problem after the governor has already signed the next fiscal year’s spending plan. Lawmakers said they only learned about the problem a few days ago and […]
Colorado Employment Situation – March 2024
5,300 Nonfarm Payroll Jobs Added in March; Unemployment Rate Rises to 3.7 Percent Household survey data According to the survey of households, Colorado’s seasonally adjusted unemployment rate increased two-tenths of a percentage point in March to 3.7 percent compared to the February rate of 3.5 percent. The number of unemployed individuals grew by 3,700 over the same time period […]
March 2024 Sales and Use Tax Report for City of Lamar
City Sales Tax for February of 2024 and collected in March showed a 15.73% increase from 2023, amounting to a difference of $50,939.58. 2024 saw a total of $374,779.14 when compared to 2023’s $323,839.56 for the same time period. Use Tax collected in March was down 41.63% or -$18,082.93. The city collected $25,357.77 this year […]
State reminds Coloradans of income tax filing deadline
LAKEWOOD, Tuesday, April 2, 2024 — As the income-tax-filing season nears its end, the Colorado Department of Revenue, Taxation Division reminds taxpayers that they need to file by April 15. Taxpayers who miss the deadline will receive an automatic, six-month extension, to Oct. 15 to file a return. However, there is no extension to […]
