Whether or not Colorado government jobs will be affected by the upcoming budget remains to be seen, but state officials remain somewhat optimistic about this moth’s revenue forecasts.

“The revenue forecast for the current budget is hopeful and promising,” Gov. Bill Ritter said. “It’s the best forecast we’ve seen in almost two years, and it indicates that our strategies are working and the economy is slowly beginning to stabilize. However, one improved forecast does not stability make.

Ritter warns that the economy still remains volatile and that officials need to continue being responsible stewards of taxpayer dollars and continue making the fair, balanced and responsible decisions they have been making since the recession began.

Colorado has already cut spending and closed budget shortfalls of $2.2 billion for the 2009 to 2010 fiscal year and $1.3 billion for the 2010 to 2011 fiscal year. Ritter’s office is preparing those cuts and will submit them to the Colorado General Assembly’s Joint Budget Committee in November.

“Today’s forecast does not show declining revenue, but it does show essentially a flat line, and that’s not a good enough trajectory to keep pace with rising Medicaid caseloads, with rising human services costs and with inflation,” Ritter said. “In addition, Recovery Act funding runs out at the end of FY10-11, meaning that FY11-12 will be a very, very difficult year.

“Again, today’s news is hopeful and encouraging,” he continued. “We’re positioning Colorado for a sustainable and healthy recovery. But we are not out of the woods. We still have tough times ahead and more difficult decisions to make.”

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