The Joint Budget Committee met yesterday to discuss the latest revenue forecast. According to the report, the Colorado economy continues to recover from the recession, with real estate and banking being slower to recover.

A copy of the full revenue forecast can be found HERE and select “Economic and Revenue Forecast, June 2010.”

Following the release of the forecast, Gov. Ritter announced he will submit a plan later this summer to re-balance the 2010-2011 budget, which will close the $75 million shortfall in the budget that will happen July 1^st.

A copy of Governor Ritter’s remarks can be found HERE.