November 30, 2012 – Colorado stands to lose $2.1 billion in economic revenue and federal funds that will hammer defense contractors, elderly-community centers, local governments and more next year, mounting increasing pressure on Congress to unearth a solution to the “fiscal cliff” before Jan. 1. The stark economic impact of the “cliff” — an end-of-year blend of deadlines and policy changes that include the end of Bush-era tax cuts for all income brackets and a $109 billion chop to domestic and military spending — comes from estimates from the business community, the defense-contracting sector and the governor’s office.
Link to Full Article: http://www.denverpost.com/news/ci_22095305/fiscal-cliff-colorado-stands-lose-2-1-billion
the muni guy 