2012beof-111206092256-phpapp02

2012beof-111206092256-phpapp02

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Unformatted text preview: been due to the relative strength of state government. Relative strength in Colorado’s Government Sector has helped mitigate weakness in the state’s economic recovery. Since the end of recession in June 2009, Colorado private employment growth has been weaker than in the rest of the country. However, Government employment growth has held steady in Colorado, while dipping roughly Governments across the nation have been faced with budget challenges. The economic downturn has increased demand for state services, such as unemployment insurance, and put downward pressure on tax and fee revenue. The General Assembly and Governor Hickenlooper have addressed these challenges with a mix of tax increases, program cuts, and reduced employee costs, but not layoffs. Most employees have experienced wage freezes and reductions in retirement benefits, and in 2010, many state workers were required to take unpaid furlough days. Growth in state government employment slowed, but did not decline as in many other states. Excluding highe...
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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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