Date: 01/04/2006
Final
Economic Forecast Overview
COMMITTEE ON CAPITAL DEVELOPMENT
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09:10 AM
The committee was called to order. A quorum was present.
09:11 AM
Mr. Mike Mauer, Chief Economist, Legislative Council Staff, provided an overview of Colorado's economic forecast. Committee members were provided with the December 2005 general fund overview (Attachment A) and an economic forecast for 2005 through 2011 (Attachment B). Mr. Mauer answered questions from committee members regarding particular line items in Attachment A, the impact of Referendum C and Senate Bill 97-001 on the budget, and the state's overall economic forecast. Discussion ensued regarding controlled maintenance and capital construction expenditure issues.