Fiscal cliff deal slows Colorado revenue gains

4:37 PM, Jan 19, 2013   |    comments
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The Denver Post reported Saturday the revenue cuts will come in estate tax revenue.

Last month, state officials projected that state tax revenue would be $159 million more than expected in the current fiscal year as the economy improves and $142 million more than expected in the next year.

Officials say the decline in estate tax revenue means this year's revenue will be $114 million more than projected and next year's would be $42 million.

That will affect discussions over which programs should get additional revenue, including education and tax relief for the poor.

(Copyright 2013 by The Associated Press. All Rights Reserved.)