Article Source - The Denver Post

Colorado could finish the current budget year nearly $150 million in the black and the shortfall next year could be nearly $1 billion less than previously estimated, economic forecasters said Friday.

But in delivering the first report of improving state revenues since 2008, Gov. Bill Ritter urged caution.

"It's the best forecast we've seen in almost two years, and it indicates that our strategies are working and the economy is slowly beginning to stabilize," Ritter said. "However, one improved forecast does not stability make."

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