Colorado bankers have already seen municipal bond underwritings drop in 1993 by one-third because of the tax and revenue limitation Amendment 1. Now it appears the state will borrow a lot less for its short-term revenue needs as well.

In 1992, Colorado sold $830 million in tax and revenue anticipation notes to fund temporary cash-flow shortages experienced by school districts. But this year, state officials say they expect only about $350 million to come to market as a result of a scaling back of a loan program for local school districts.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.