State Fair losing money, needs help from lawmakers

DENVER — The government entity that runs the Colorado State Fair had another year of operating losses and needs additional tax money to ensure the event’s survival, according to an audit released today.

The Colorado State Fair Authority had a $2.8 million operating loss last year — a loss that was $400,000 more than the year before, the audit said. That means it has been more than 10 years that the State Fair has experienced operating losses.

Attendance has declined during the last two years, fair officials say. The annual average attendance has been close to 500,000. The audit recommends that fair officials seek funding from the Joint Budget Committee, but it did not specify how much.

The audit said the Fair Authority has had operating losses for such a long time that the Colorado State Treasury recently had to grant it special authorization to maintain a deficit cash balance.


COMMENTS

Commenting is not available in this channel entry.


TOP JOBS
  • Housekeeper

    Part-time .28 hours/week. Fri-Tues. Heavy cleaning of guest rooms & ...

  • Pt Sale Position

    The Circulation Department of The Daily Sentinel is looking to fill a

  • Electrical Trades Ii

    State of Colorado The Division of Facilities Managemen...

  • Nurse Iii

    Full Time PositionHere's an opportunity for an RN to join ...

  • Aircraft Paint Mechanic

    Aircraft PaintMechanicFull time w/benefitsMechanical experien...

  • Hiring Events

    !July 29, 201510:00am to 1:00pmMultiple Food ServicePo...

Search More Jobs





THE DAILY SENTINEL
734 S. Seventh St.
Grand Junction, CO 81501
970-242-5050; M-F 8:00 - 5:00
Editions
Subscribe to print edition
E-edition
Advertisers
Advertiser Tearsheet
Information

© 2015 Grand Junction Media, Inc.
By using this site you agree to the Visitor Agreement and the Privacy Policy