Tag: Inflation
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Denver area residents grapple with inflation’s soaring costs
Volunteers and staff members packed 6,795 pounds of food into more than 120 boxes to distribute at the Food Bank of the Rockies mobile food pantry operation at the Montbello Recreation Center in Aurora on Thursday. Volunteer students from the Denver Center for International Studies at Montbello and the Noel Community Arts School at Montbello…
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Polis, Colorado legislators push $700 million in property tax relief that taps into TABOR refund
Rising property values in Colorado are expected to cost Coloradans about $1.3 billion more in property taxes over the next two years. Lawmakers, business representatives and the governor’s office have been negotiating on a solution, and on Monday, the governor and some of those involved in the talks rolled out legislation to offer relief to…
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Colorado economy in recovery mode, but mixed signals persist, report says
Despite a series of mixed or muddled messages, Colorado’s economy remains in strong recovery mode with the number of jobs here exceeding pre-pandemic levels, unemployment continuing to decline and strong gross domestic product growth, according to a report released Tuesday. The Quarterly Business and Economic Indicators report covers the first quarter of 2022 and is…
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EDITORIAL: Inflation hurts the poor, as the wealthy drink lattes
A popular meme tells Americans to stop fussing about inflation. Variations are rampant on social and legacy media platforms. We hear the message from politicians and pundits throughout the free world. Here’s a Facebook version shared Tuesday by our friend and colleague, the venerable Harvard graduate and syndicated columnist Ruben Navarrette — a man who…
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Colorado’s politicos pan, praise Biden’s first year in office
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Even as U.S. President Joe Biden sought to rally Americans at home and allies abroad against the Russian invasion of Ukraine, Republicans and Democrats in Colorado remained deeply divided, with some GOP members blaming the president for Vladimir Putin’s war in Europe. The president’s allies…
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Report: Colorado economy in ‘recovery mode’
Colorado’s employment will recover to pre-pandemic levels this year, with some industries already fully recovered, and the state’s inflation rate remained lower than the national average last year, according to the Colorado Secretary of State’s Quarterly Business & Economic Indicators report for the fourth quarter of 2021. “The state is in recovery mode,” according to…
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Polis outlines agenda before Colorado lawmakers
11:56 a.m. Polis’ 49-minute address wraps up. “The state of our state, just like the people of Colorado, is strong, it is steadfast, and in spite of everything, we are boldly moving forward. God bless you all, God bless our Colorado, and God bless the United States of America,” he said in closing. 11:54 a.m. Approaching the…
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Denver housing market: New year, more inventory?
Metro Denver homebuyers who thought it was tough to find for-sale homes in December will be sorely disappointed if they thought a new year would bring more inventory. That lack of inventory is expected to drive double-digit percentage price increases again in 2022, according to the Denver Metro Association of Realtors’ January report, released Wednesday.…
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Colorado economic indicators looking up, some concerns remain
Colorado’s strong labor force participation rate, new business filings and declining unemployment have state economists optimistic about continued recovery in the fourth quarter and 2022, according to a report issued Thursday by the Colorado secretary of state and the University of Colorado Boulder. “Today’s report illustrates that Colorado’s economy continues to improve. The state’s GDP…
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Colorado Springs cost of living sets record for second straight quarter, cost advantage over Denver is decreasing
Soaring home prices helped push Colorado Springs’ cost of living to a record level above the national average for a second consecutive quarter, according to a new survey. The local cost of living index in the second quarter was a record 107.8% of the national average, up a full percentage point from the previous quarter,…