Lawmakers voted to increase the state’s reserves to 7.25 percent of general fund spending, or an estimated $730 million for the fiscal year that starts July 1.
March usually brings a big seasonal bump in recreational marijuana sales to Colorado.
Much of the extra $1.2 billion is spoken for as the state needs to fund a 2017 road construction initiative and to compensate local governments for other programs.
Anticipation of business-friendly policies has led to reports of near-euphoric levels confidence during most of the Trump presidency.
They say the way the state funds its public schools is outdated and needs a major overhaul, and more than 90 percent of them support a new way forward.
State lawmakers yesterday rejected a bill that proposed an unusual approach to Colorado's affordable housing shortage.
Gov. John Hickenlooper backs a tax hike for transportation, water and high-speed internet projects.
The $1.5 trillion package would provide steep tax cuts for businesses and the wealthy and more modest cuts for middle- and low-income families.
Tax policy changes that affect the renewable industry draw close scrutiny in Colorado.