Amici Curiae Brief of Northwest Colorado Council of Governments, Town of Minturn, Grand County, Gunnison County, Pitkin County

• File Number: 8230.2F
• Description: Colorado Supreme Court Appeal
• State: CO
• Basin: Colorado Mainstem
• Water Division: 4
• Date: 9/29/2004
• Author: Barbara Green, Anne Castle, John M. Ely, David Baumgarten
• Title: Amici Curiae Brief of Northwest Colorado Council of Governments, Town of Minturn, Grand County, Gunnison County, Pitkin County
• Water Supply Pro - Doc Type: Court Documents

Fi gure 1
2003 Pe rcent Ch ange in Employ ment

Financial 3

Natural Res./Mining 1 6%

Other Services

Trade:, Transport., Utiiities

Manufacturing

I
ti
f
n
orma
on
-10 % -8 °0 -6 % -4 °0 -2 % 0°a 2 °0 4 %
fore the end of the year. Software firms have added
85 jobs already, with another 560 expected over the
next few years. Triditional manufacturing compa-
nies lost a net 25 jobs, but announced both gains
and losses. The agr..cultural sectox lost an an-
nounced 190 jobs ui January at Fort Morgan and
Greeley meat processing plants due to concerns
over mad cow disea.se, and the noirsoftware-related
services sector lost ??30 jobs.
In addition, accordirig to the Denver Metro Cham?
ber of Commerce's monthly stunmary of business
and economic conditions, the job market should
continue to improve in Denver through the second
quarter of 2004. About 14% of companies s?-
veyed plan on hiring during April through June,
about the same as thc 15% surveyed in January.
However, fewer companies expect to decrease staff.
The percent expecting to reduce jobs was only 3%
in the second quarter, down fram 17% in the first
quarter.
Bankruptcy and Foreclosures
According to the Fed?;ral Courts, Colorado has the
highest bankruptcy rai`e in the country. The number
of bankruptcy filings in Colorado increased 21.5%
in 2043 from 21,359 filings in 2002 to a record
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2.4
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2%
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25,956 filings in 2003. Texzts experienced the sec-
ond fastest rate of increase, at 14.7%. The average
increase for the nation was 5.2%.
2043 also marked the worst year in Colorado since
1988 for real estate foreclosures and the second-
worst year on record. Roughl.y 9,500 foreclosures
were filed in Adams, Arapahoe, Boulder, Broom-
field, Denver, Douglas, and Jefferson counties, rep-
resenting nearly a 45% increase aver 2002.
"Inflation in Colorado was very low in
2003, increasing only 1.1% after a modest
1.9% increase in 2002.
Inflation and Personal Inconne
Inflation in Colorado was very low in 2003, irr
creasing only 1.1% after a modest 1.9°lo increase in
2002. The core inflation rate, excluding food and
energy from consumer prices, rose a scant 0.2% in
2003, the lowest core inflation on record. The
highest inflation occurred in re:sidential fuel and
urilities component of housing (16.1 %) and in the
motor fuel component of transjportation (11.8°l0).
State personal income for 2003 reportedly grew by
2.8% while income from wages and salaries grew
Legislative Councii • 029 State Capitol Building • Denver, Colorado 80203-1784 •[phone] • April 2004 • Page 3
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