A FLASH FLOOD WATCH remains in effect for all of southern Colorado throughout our evening and overnight on Tuesday. Storms will continue to be an issue, capable of producing heavy rain with very slow movement. Storms look to mainly favor north and east of areas like Colorado Springs and the Waldo Canyon area, but storms cannot be ruled out still in this area. The 11 Breaking Weather team will be monitoring conditions closely. This Flash Flood Watch remains in effect through 6pm Wednesday, where another day of thunderstorms is possible. Head to the KKTV 11 Weather Tab for more information on the forecast for Wednesday and beyond.
The state economist is offering a gloomy forecast for economic growth in Colorado next year. And he says any kind of turnaround will be slow in coming. Tom Dunn predicts the state's economy will grow just 4.1% percent next year.
That's down from his March forecast of 6.1%. Dunn blames the slow national economy for the change. Dunn also says congressionally-approved tax cuts will cost the state 50 million dollars next year and 90 million over three years because state taxes are based on federal deductions.
He warns Colorado will have to cut spending by up to 206 million dollars for the coming fiscal year to escape chronic budget shortfalls.