Study Suggests Big Repairs To CO’s Finances

Economists from the University of Denver gave state officials grim news about the state’s finances in February.

That’s when the school released the first part of a study on the Colorado’s conflicting constitutional mandates amid rising health, education and corrections costs.

DU is releasing the second part of the study – how Colorado can dig its way out of the fiscal hole. The economic team planned to deliver a report on possible solutions Wednesday morning at the university.

Economists say Colorado’s finances are out of whack because lawmakers are in some ways required to spend tax money, and in other areas prohibited from raising tax money.

One analyst says it’s as is if Colorado has one foot on the gas pedal and one foot on the brake.