The Colorado State Fair lost money again last year. But agriculture officials say the annual fair in Pueblo is good for the economy because it generates millions of dollars in business and taxes.
An audit report was presented to the Legislature Tuesday that shows the fair lost $1.175 million last year. That's up slightly from a $1.104 million loss the previous year.
The audit firm says part of the problem is box-offices sales, which slipped from $1.84 million to $1.62 million.
The audit also noted the fair authority still hasn't completed a long-term business plan first recommended in 1998. Deputy State Agriculture Commissioner Greg Yando assured legislators the authority is working diligently on the plan.