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Local and state economy slowing but not in recession, CU economist tells Adams County budget retreat
Summary
Dr. Richard Wobekind of the University of Colorado presented a detailed forecast to Adams County commissioners, saying employment growth has slowed, consumption is holding, and risks such as immigration trends and interest-rate uncertainty make 2026–27 planning more cautious.
An economic presentation to the Adams County Board of County Commissioners on the county’s 2026 budget forecast found slower growth statewide but no imminent national recession.
Dr. Richard Wobekind, a longtime economist at the University of Colorado’s Leeds School of Business, told commissioners the national baseline projection is modest growth — about 1.5% GDP — and that Colorado’s strong multi-year expansion has slowed markedly in the last 12–21 months. "The economy is very slow footing, but nonetheless, not recessionary," Wobekind said during his briefing.
Why it matters: county revenues that feed the budget — particularly retail sales tax and portions of personal income tax flows to local services — are driven by employment and consumption. Wobekind emphasized that slower job growth reduces upside in…
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