The governor’s budget office has continually issued budget estimates that say they expect hundreds of millions of dollars more in state income for the coming 2013-2014 fiscal year than in the current one, and that trend continued Thursday — the estimated increase is now $864 million, which is up almost $160 million from the September forecast.
Gov. John Hickenlooper has already released a budget request for the 2013-2014 fiscal year that includes state funding increases for K-12 education, higher education and health care. In a statement on Thursday, Hickenlooper’s office said he would also focus on economic development, infrastructure and public safety.
The upward trend in revenue forecasts may mark a significant turning point for Colorado’s government. Over the past several years, the state has had to slash hundreds of millions across the board in state funding for various programs.
To read the December revenue forecast for yourself, go here. But I wouldn’t recommend it, unless you want your head to explode.