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Expected lower local government revenues reductions

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Unformatted text preview: declines or zero increases in revenue and locally collected property taxes. Expected lower local government revenues, reductions in services and staff, and continued drops in assessed valuations will all negatively affect economic outcomes within localities across the state. As a result of the self-reinforcing cycle caused by the aforementioned factors, it is projected that local noneducation government employment in Colorado will decline 1.5% and 1.2% in 2011 and 2012, respectively. Education Enrollment and funding are the two key drivers of employment growth in local government 98 educational services. Statewide K-12 enrollment has grown every year since 1989 and continues to increase. In the 2008-09 school year, enrollment growth was 2% over the prior year, the largest increase since 1989. The Colorado Legislative Council estimates that in the 2011-12 academic year, K-12 enrollment will grow 0.9%, totaling 791,839 students. Limited job opportunities in Colorado may impact in-migration and thereby affect enrollment growth. In the 2010-11 school y...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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