Saturday, December 19, 2009

We're back, baby! Kind of.

Posted By on Sat, Dec 19, 2009 at 3:03 PM

Ladies and gentlemen, via the AP, some news:

Budget officials told state lawmakers Friday the recession appears to be over in Colorado...

Woo hoo — let the party start! Once again, craft beer will flow from the skies like water. Maybe we won't have to hawk the gold-covered Capitol building after all. We're out of this thing and the sky's the limi—

Colorado revenues fell by an additional $40 million over the past three months, bringing this year's shortfall to $601 million ...

Ah. So, there's a hitch after all. Well, it's been a tough year for everybody, and it only makes sense that there would be lingering troubles. But from here on out, the only direction to go is u—

Previous forecasts showed the state would have a $560 million shortfall this fiscal year. A budget shortfall of $1.5 billion is predicted for next year unless lawmakers take quick action when they convene in January ...

"Tissues are available at the end of each row," House Speaker Terrance Carroll, D-Denver, told a room packed with state officials and lobbyists.

Right. So we'll skip the party and maybe just go with a high-five instead. But come on budget officials — you gotta give me something ...

Natalie Mullis, the Legislature's chief economist, said Colorado gained 2,800 jobs in October and November after losing 5 percent of its jobs during this recession.

Well that seems like great ne—

Mullis said the state unemployment fund will probably go broke in the next three months, but the state has the option of borrowing money from the federal government.

Sigh. Maybe not out of the woods yet. But at least we can see the construction equipment coming to turn them into suburbs.

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