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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.
- Spring '13
- The Lottery