Colorado Revenue Picture Improves From Oil
and Gas Development
September 23rd, 2012
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, state economists said Thursday, but they predicted growth will slow because of federal and global uncertainties.
Economists from Gov. John Hickenlooper’s office said the state will take in $239 million more in tax revenue in the current fiscal year, which began in July, than originally predicted. The growth brings the expected general fund revenue to $8 billion for the fiscal year, barely exceeding the pre-Great Recession peak of $7.7 billion in 2007. MORE …
Filed Under: ARCHIVES • Feature Articles • Insight
Tags: colorado oil and gas industry • Niobrara shale play • severance tax funds
Oil/Gas Industry: Trust us! We care, we really do. The rest of the us: No! 
Thanks for the info Fred! 
I think its a 10% mandate not 5%. 
To see this exciting change as "scary" seems incredibly short-sited to me. Between the increasing power demands caused by ...
Thanks for highlighting all the great work the Northern Colorado Chapter of CRES is doing. One small but important correction--the ...