William Forrester Owens (born October 22, 1950) is an American former politician who served as the 40th Governor of Colorado, from 1999 to 2007. A member of the Republican Party, he was re-elected in 2002, amassing 62.6% of the vote, the largest Republican share of the vote in state history. As of 2025, he is the most recent Republican to have served as Governor of Colorado.

Early life

Owens was born in Fort Worth, Texas, where he graduated from Paschal High School. While a sophomore in high school, Owens was appointed a Page in the U.S. House of Representatives by Congressman (and later, Speaker of the House) Jim Wright. Owens was assigned by the Doorkeeper of the House to the Republican cloakroom, where he worked for notable Republicans who were serving in the House then such as George H. W. Bush, Gerald Ford, and Bob Dole.

He attended Stephen F. Austin State University where he served as vice president and president of the student body. While at Stephen F. Austin, Owens served as a coordinator of the Students for George Bush in George H.W. Bush's unsuccessful campaign for the U.S. Senate. It was during this campaign that Owens would first meet future President George W. Bush. Owens earned a master's degree in Public Affairs from the University of Texas, Lyndon B. Johnson School of Public Affairs, where he was awarded a full two-year fellowship.

Following his graduate work, Owens accepted a position in the Washington, D.C., office of Touche Ross & Company. He moved to Colorado in 1977, after accepting a position with the Gates Corporation. He later served as executive director of the Colorado Petroleum Association, and as Executive Vice President of the Rocky Mountain Oil and Gas Association.

Early political career

Owens served as a member of the Colorado House of Representatives from 1982 until 1988, and as a state senator from 1988 to 1994, representing Aurora and Arapahoe County.

While in the Legislature, Owens was active in tax reform, privatization and school choice initiatives, sponsoring the nation's third charter school law. He served as chair of both the House and Senate State, Veterans and Military Affairs Committees and as Chair of the National Conference of State Legislatures (NCSL) Energy Committee, as well as on NCSL's executive committee.

Owens was elected to statewide office as Colorado State Treasurer in 1994, where he was responsible for managing the state's $5 billion in investment funds. He served during this time on the board of Colorado's $25 billion pension fund, the Colorado Public Employees Retirement Association (PERA).

Governorship

First term

Owens was elected as the 40th Governor of Colorado in the 1998 governor's race, when he defeated Democratic opponent Gail Schoettler by 8,300 votes (less than one percent of ballots cast). When he was inaugurated on January 12, 1999, Owens became Colorado's first Republican governor in 24 years. His platform was three pronged: cut taxes, repair Colorado's aging infrastructure, and continue school accountability reforms.

Tax cuts

Upon entering office, Owens worked with a legislature controlled by his own Republican party to push through the largest tax cut package in state history, amounting to $1 billion in rate cuts to the sales, personal-income, and capital-gains taxes. Owens also championed, and eventually won, the elimination of the state's marriage penalty. By 2006, the Owens administration estimated the overall tax cuts pushed through during his administration was around $3.6 billion.

In the summer of 2002, when the Hayman Fire and Coal Seam Fire ravaged much of Western Colorado, Owens made perhaps the first major press faux-pas of his tenure. Responding to a reporter's question following an aerial tour of the fires ("What does it look like up there?"), Owens said "It looks as if all of Colorado is burning today". Many western slope residents blamed Owens for driving away tourists with the press's truncated version of the quote ("All of Colorado is burning").

In November 2003, Colorado voters rejected Owens’ water storage initiative, Referendum A, by 67% to 33%. The referendum failed to win a single county in the state, as opponents successfully savaged the measure as a "blank check".

Owens formerly served as chairman of the board for Credit Bank of Moscow (MOEX:CBOM), but stepped down on February 27, 2022, in response to the Russian invasion of Ukraine.

Owens joined the University of Denver's Institute for Public Policy Studies in January 2007 as a senior fellow.

Owens was an early supporter of Mitt Romney's 2008 presidential campaign. After Romney dropped out of the race, Owens worked actively for John McCain's campaign. He endorsed Romney again for the 2012 Republican nomination and served as co-chair of Romney's Colorado campaign.

Family life

Owens married Frances Owens in January 1975, and divorced in 2010. The couple has three children, Monica Owens-Beauprez, Mark, and Brett.