Colorado Fiscal Statistics

StatisNostics/State Financials/Colorado
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20122023
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State Revenue Analysis (Colorado: 2012–2023)

Population: 5,191,709 → 5,812,069 (11.9% change)

Overall Revenue Trends

Total Revenue▲ 87.5%
$23,153,564,000 (2012)→$43,405,577,000 (2023)
Per Capita Revenue▲ 67.4%
$4,460 (2012)→$7,468 (2023)
Fund Balances▼ 100%
$20,226,220,000 (2012)→$0 (2023)
Revenue Volatility✓ Low
Avg. fluctuation: 7.6%

Major Tax Revenue

Sales Tax▲ 100.1%
$2,302,333,000 (2012)→$4,606,955,000 (2023)

Utility Revenue

Solid Waste Charges▼ 39.3%
$5,577,000 (2012)→$3,384,000 (2023)

Growth Analysis

Fastest Growing Revenue Sources

Regular Highway Charges▲ 3475.4%
$1,011,000→$36,147,000
Toll Highway Charges▲ 1094.1%
$3,443,000→$41,113,000
Unemployment - Interest Revenue▲ 828.5%
$123,000→$1,142,000

Declining/Slowest Growing Sources

Housing & Community Development Charges▼ 98.5%
$8,854,000→$132,000
Other In Trust - Interest Revenue▼ 81.3%
$5,965,000→$1,115,000
Education Other State Charges Not Elsewhere Classified▼ 70.7%
$14,622,000→$4,278,000

Revenue Forecast

Projected Revenue (Next Year)▲ 3%
Estimated: $44,716,814,332
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%

2023 Revenue Breakdown

Federal Intergovernmental Public Welfare18.9%
Individual Income Tax15.6%
Total General Sales Taxes10.6%
Higher Education Tuition Charges6.5%
Federal Intergovernmental Education6.3%
Federal Intergovernmental Health & Hospitals5.6%
Corporation Net Income Tax5.4%
Other Selective Sales Taxes3.5%
Hospital Charges3.5%
Interest Earnings2.7%
Unemployment - Contribution2.0%
Higher Education Auxiliary Charges1.7%
Donations From Private Sources1.7%
Motor Fuels Sales Tax1.6%
Federal Intergovernmental Highways1.6%
Insurance Premium Tax1.2%
Workers Compensation - Other Contributions1.2%
Motor Vehicle License0.9%
Federal Intergovernmental Housing & Community Development0.8%
Miscellaneous General Revenue Not Elsewhere Classified0.8%
Fines & Forfeits0.8%
Tobacco Sales Tax0.8%
Severance Tax0.8%
Federal Intergovernmental Other Natural Resources0.7%
All Other Not Elsewhere Classified Charges0.6%
Net Lottery Revenue0.6%
Royalties0.5%
Amusement Tax0.4%
Federal Intergovernmental Employment Security Administration0.4%
Hunting & Fishing License0.3%
Workers Compensation - Interest Earnings0.3%
Federal Intergovernmental Other0.3%
Natural Resources Not Elsewhere Classified Charges0.2%
Occupation & Business License Not Elsewhere Classified0.2%
Alcoholic Beverage Sales Tax0.1%
Local Intergovernmental Education0.1%
Motor Vehicle Operators License0.1%
Toll Highway Charges0.1%
Regular Highway Charges0.1%
Parks & Recreation Charges0.1%
Corporation License Tax0.0%
Public Utility License Tax0.0%
Local Intergovernmental Highways0.0%
Local Intergovernmental Other0.0%
Sale of Property0.0%
Federal Intergovernmental Sewerage0.0%
Alcoholic Beverage License Tax0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Solid Waste Charges0.0%
Unemployment - Interest Revenue0.0%
Other In Trust - Interest Revenue0.0%
Amusement License Tax0.0%
Local Intergovernmental Sewerage0.0%
Local Intergovernmental Public Welfare0.0%
Housing & Community Development Charges0.0%

Key Insights

  1. 1Total revenue increased by 87.5% from 2012 to 2023, representing a significant change in the state's financial position.
  2. 2Population changed by 11.9%, while per-capita revenue changed by 67.4%.
  3. 3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
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State Expense Analysis (Colorado: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 214%
$9,318,331,000→$29,220,824,000
Per Capita Spending▲ 180%
$1,795→$5,028

Population Trends

Population Change▲ 11.9%
5,191,709 (2012)→5,812,069 (2023)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 115%
$128,662,000 (2012)→$277,056,000 (2023)
Fire Protection▼ 0%
$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 91%
$371,860,000 (2012)→$710,004,000 (2023)
Sewerage Operations▲ 64%
$2,897,000 (2012)→$4,740,000 (2023)

Administrative Expenses

Financial Administration▲ 178%
$299,655,000 (2012)→$833,403,000 (2023)
General Expenses▲ 12%
$637,111,000 (2012)→$713,636,000 (2023)

Colorado Key Insights

  1. 1Police protection spending increased by 115%, significantly outpacing population growth of 11.9%
  2. 2Per capita expenditures grew by 180%, indicating substantial service expansion or cost increases not explained by population growth alone
  3. 3Financial Administration was the fastest growing major expense category at 178% increase
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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 318%
$5,193,508,000 (2012)→$21,690,483,000 (2023)
Industrial Revenue Debt▼ 100%
$10,844,909,000 (2012)→$0 (2023)
Per Capita Debt▲ 273%
$1,000 (2012)→$3,732 (2023)

Population Trends

Population Change▲ 11.9%
5,191,709 (2012)→5,812,069 (2023)

Debt Management

Most Recent Year (2023)

Issued:$1,247,585,000
Retired:$623,206,000
Net Change:+$624,379,000

Debt Retirement Trend

$1,169,805,000 → $623,206,000▼ 47%

Key Insights

  1. 1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
  2. 2New debt issuance significantly increased the per-resident debt burden (up 273%).