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The Colorado Legislative Council today released its quarterly forecast, showing that the state is bringing in more money than expected and that Colorado seems to be recovering from the recession at a slightly faster pace than the country as a whole.
A single person, paying nearly $50 million in back taxes helps move the state budget in the right direction. Nonetheless, "sand dune" like conditions will likely slow economic growth, causing legislators to warn that cuts to those programs will still be deep as a one-time infusion of cash is spread out over several budget years.