Colorado Fiscal Statistics

StatisNostics/State Financials/Colorado

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20122022

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State Revenue Analysis (Colorado: 2012–2022)

Population: 5,191,709 → 5,807,719 (11.9% change)

Overall Revenue Trends

Total Revenue▲ 104%

$23,153,564,000 (2012)→$47,233,836,000 (2022)

Per Capita Revenue▲ 82.4%

$4,460 (2012)→$8,133 (2022)

Fund Balances▼ 100%

$20,226,220,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 7.5%

Major Tax Revenue

Sales Tax▲ 86.2%

$2,302,333,000 (2012)→$4,286,196,000 (2022)

Utility Revenue

Solid Waste Charges▼ 37.9%

$5,577,000 (2012)→$3,466,000 (2022)

Growth Analysis

Fastest Growing Revenue Sources

Regular Highway Charges▲ 2431.7%

$1,011,000→$25,595,000

Toll Highway Charges▲ 845.4%

$3,443,000→$32,551,000

Miscellaneous General Revenue Not Elsewhere Classified▲ 682.5%

$42,843,000→$335,250,000

Declining/Slowest Growing Sources

Housing & Community Development Charges▼ 98.4%

$8,854,000→$139,000

Other License Tax▼ 96.8%

$940,000→$30,000

Other In Trust - Interest Revenue▼ 87.9%

$5,965,000→$723,000

Revenue Forecast

Projected Revenue (Next Year)▲ 16.3%

Estimated: $54,942,019,876

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Individual Income Tax21.1%

Total General Sales Taxes9.9%

Federal Intergovernmental Public Welfare9.6%

Higher Education Tuition Charges7.6%

Federal Intergovernmental Education6.5%

Federal Intergovernmental Health & Hospitals5.7%

Unemployment - Contribution3.6%

Interest Earnings3.2%

Federal Intergovernmental Highways2.8%

Motor Fuels Sales Tax2.7%

Other Selective Sales Taxes2.6%

Higher Education Auxiliary Charges2.3%

Donations From Private Sources2.2%

Corporation Net Income Tax2.1%

Hospital Charges2.1%

Motor Vehicle License2.0%

Workers Compensation - Other Contributions1.5%

Royalties1.4%

Fines & Forfeits1.2%

Federal Intergovernmental Other1.2%

Federal Intergovernmental Housing & Community Development0.9%

Tobacco Sales Tax0.9%

Insurance Premium Tax0.9%

Severance Tax0.8%

All Other Not Elsewhere Classified Charges0.7%

Net Lottery Revenue0.7%

Workers Compensation - Interest Earnings0.5%

Other In Trust - Other Contributions0.4%

Amusement Tax0.4%

Hunting & Fishing License0.3%

Federal Intergovernmental Employment Security Administration0.3%

Federal Intergovernmental Other Natural Resources0.2%

Miscellaneous General Revenue Not Elsewhere Classified0.2%

Alcoholic Beverage Sales Tax0.2%

Occupation & Business License Not Elsewhere Classified0.2%

Local Intergovernmental Highways0.1%

Motor Vehicle Operators License0.1%

Rents0.1%

Local Intergovernmental Other0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Parks & Recreation Charges0.1%

Corporation License Tax0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Federal Intergovernmental Water Utilities0.1%

Local Intergovernmental Education0.1%

Public Utility License Tax0.1%

Public Utilities Tax0.1%

Housing & Community Development Charges0.0%

Federal Intergovernmental Sewerage0.0%

Alcoholic Beverage License Tax0.0%

Other In Trust - Interest Revenue0.0%

Local Intergovernmental Water Utilities0.0%

Solid Waste Charges0.0%

Toll Highway Charges0.0%

Regular Highway Charges0.0%

Other License Tax0.0%

Amusement License Tax0.0%

Local Intergovernmental Sewerage0.0%

Parimutuels Tax0.0%

Local Intergovernmental Public Welfare0.0%

Death & Gift Tax0.0%

Federal Intergovernmental Air Transportation0.0%

Unemployment - Interest Revenue0.0%

Local Intergovernmental Health & Hospitals0.0%

2022 Revenue Breakdown

Individual Income Tax24.7%

Federal Intergovernmental Public Welfare17.6%

Total General Sales Taxes9.1%

Higher Education Tuition Charges5.7%

Federal Intergovernmental Health & Hospitals5.6%

Federal Intergovernmental Education5.2%

Other Selective Sales Taxes4.2%

Corporation Net Income Tax3.2%

Hospital Charges3.0%

Federal Intergovernmental Other2.6%

Interest Earnings1.8%

Unemployment - Contribution1.6%

Federal Intergovernmental Highways1.5%

Donations From Private Sources1.4%

Motor Fuels Sales Tax1.4%

Higher Education Auxiliary Charges1.4%

Workers Compensation - Other Contributions1.0%

Motor Vehicle License0.9%

Tobacco Sales Tax0.7%

Insurance Premium Tax0.7%

Miscellaneous General Revenue Not Elsewhere Classified0.7%

Federal Intergovernmental Housing & Community Development0.7%

Severance Tax0.6%

Fines & Forfeits0.6%

Federal Intergovernmental Other Natural Resources0.5%

Net Lottery Revenue0.5%

All Other Not Elsewhere Classified Charges0.5%

Royalties0.4%

Amusement Tax0.3%

Workers Compensation - Interest Earnings0.3%

Hunting & Fishing License0.3%

Federal Intergovernmental Employment Security Administration0.2%

Occupation & Business License Not Elsewhere Classified0.2%

Natural Resources Not Elsewhere Classified Charges0.1%

Alcoholic Beverage Sales Tax0.1%

Local Intergovernmental Education0.1%

Motor Vehicle Operators License0.1%

Toll Highway Charges0.1%

Parks & Recreation Charges0.1%

Regular Highway Charges0.1%

Corporation License Tax0.1%

Local Intergovernmental Highways0.0%

Public Utility License Tax0.0%

Federal Intergovernmental Sewerage0.0%

Local Intergovernmental Other0.0%

Sale of Property0.0%

Alcoholic Beverage License Tax0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Solid Waste Charges0.0%

Amusement License Tax0.0%

Other In Trust - Interest Revenue0.0%

Local Intergovernmental Sewerage0.0%

Parimutuels Tax0.0%

Local Intergovernmental Public Welfare0.0%

Housing & Community Development Charges0.0%

Other License Tax0.0%

Key Insights

1Total revenue increased by 104% from 2012 to 2022, representing a significant change in the state's financial position.
2Population changed by 11.9%, while per-capita revenue changed by 82.4%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Colorado: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 190%

$9,318,331,000→$27,002,496,000

Per Capita Spending▲ 159%

$1,795→$4,649

Population Trends

Population Change▲ 11.9%

5,191,709 (2012)→5,807,719 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 93%

$128,662,000 (2012)→$247,687,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 76%

$371,860,000 (2012)→$654,935,000 (2022)

Sewerage Operations▲ 53%

$2,897,000 (2012)→$4,424,000 (2022)

Administrative Expenses

Financial Administration▲ 157%

$299,655,000 (2012)→$771,392,000 (2022)

General Expenses▲ 21%

$637,111,000 (2012)→$770,472,000 (2022)

Colorado Key Insights

1Per capita expenditures grew by 159%, indicating substantial service expansion or cost increases not explained by population growth alone
2Financial Administration was the fastest growing major expense category at 157% increase

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 294%

$5,193,508,000 (2012)→$20,460,651,000 (2022)

Industrial Revenue Debt▼ 100%

$10,844,909,000 (2012)→$0 (2022)

Per Capita Debt▲ 252%

$1,000 (2012)→$3,523 (2022)

Population Trends

Population Change▲ 11.9%

5,191,709 (2012)→5,807,719 (2022)

Debt Management

Most Recent Year (2022)

Issued:$2,488,403,000

Retired:$1,892,909,000

Net Change:+$595,494,000

Debt Retirement Trend

$1,169,805,000 → $1,892,909,000▲ 62%

🔄 Significant change in retirement strategy detected

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2There appears to be a significant shift in debt management strategy between 2012-2022, with a move toward higher debt levels.
3New debt issuance significantly increased the per-resident debt burden (up 252%).