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Economists predict zero economic growth in 2012

Colorado Springs economy is expected to remain flat in 2012, while the U.S. economy could face four to 10 years of economic uncertainty. Economic growth in 2012 in Colorado Springs will remain stagnant, said Tom Zwirlein, a professor of economics at the University of Colorado at Colorado Springs and one of the directors of the… Continue Reading Economists predict zero economic growth in 2012

About 4,500 troops from Fort Carson will be part of the 30,000 troops President Barack Obama plans to send to Afghanistan next year. That’s not very good news for the Colorado Springs economy that’s already hurting for sales tax revenue. “It’s certainly going to have an economic impact,” said UCCS finance professor Tom Zwirlein. “It’s just taking away… Continue Reading Added troops to Afghanistan means deployment of tax dollars

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A nanosecond overview of city budget constraints

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States and municipalities across the nation are having difficulties balancing budgets because sales tax is declining nationally — it’s a consumption-based tax, and consumers, of course, are “pulling back.” Dr. Tom Zwirlein, professor of finance at the University of Colorado at Colorado Springs, was a keynote speaker, along with City Manager Penny Culbreth-Graft, at UCCS’… Continue Reading A nanosecond overview of city budget constraints

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Trends in local, national economy

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Psst … here’s, well, not exactly a secret, but at least a marker to look for that signals economic recovery. “Once you see signs that people are going back to work, that’s usually a sign that the recession is winding down,” said Tom Zwirlein, director of the Southern Colorado Economic Forum and a professor of… Continue Reading Trends in local, national economy

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