Colorado Fiscal Statistics

StatisNostics/State Financials/Colorado

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20122021

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State Revenue Analysis (Colorado: 2012–2021)

Population: 5,191,709 → 5,758,736 (10.9% change)

Overall Revenue Trends

Total Revenue▲ 78.7%

$23,153,564,000 (2012)→$41,379,940,000 (2021)

Per Capita Revenue▲ 61.1%

$4,460 (2012)→$7,186 (2021)

Fund Balances▲ 83.6%

$20,226,220,000 (2012)→$37,131,202,000 (2021)

Revenue Volatility✓ Low

Avg. fluctuation: 6.8%

Major Tax Revenue

Sales Tax▲ 59%

$2,302,333,000 (2012)→$3,660,590,000 (2021)

Utility Revenue

Solid Waste Charges▼ 37.6%

$5,577,000 (2012)→$3,478,000 (2021)

Growth Analysis

Fastest Growing Revenue Sources

Regular Highway Charges▲ 6469.5%

$1,011,000→$66,418,000

Miscellaneous General Revenue Not Elsewhere Classified▲ 704.5%

$42,843,000→$344,651,000

Toll Highway Charges▲ 596.9%

$3,443,000→$23,995,000

Declining/Slowest Growing Sources

Other License Tax▼ 96.2%

$940,000→$36,000

Other In Trust - Interest Revenue▼ 88.6%

$5,965,000→$679,000

Federal Intergovernmental Air Transportation▼ 84.1%

$233,000→$37,000

Revenue Forecast

Projected Revenue (Next Year)▲ 11.8%

Estimated: $46,254,082,351

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Individual Income Tax24.8%

Federal Intergovernmental Public Welfare17.4%

Total General Sales Taxes8.8%

Federal Intergovernmental Health & Hospitals8.6%

Higher Education Tuition Charges5.7%

Federal Intergovernmental Education4.6%

Other Selective Sales Taxes3.7%

Hospital Charges3.2%

Corporation Net Income Tax3.1%

Interest Earnings1.9%

Donations From Private Sources1.6%

Unemployment - Contribution1.6%

Federal Intergovernmental Highways1.5%

Motor Fuels Sales Tax1.5%

Workers Compensation - Other Contributions1.3%

Motor Vehicle License1.1%

Higher Education Auxiliary Charges1.1%

Federal Intergovernmental Other0.9%

Insurance Premium Tax0.8%

Miscellaneous General Revenue Not Elsewhere Classified0.8%

Federal Intergovernmental Housing & Community Development0.8%

Fines & Forfeits0.6%

Tobacco Sales Tax0.6%

Net Lottery Revenue0.5%

All Other Not Elsewhere Classified Charges0.5%

Federal Intergovernmental Other Natural Resources0.5%

Workers Compensation - Interest Earnings0.3%

Federal Intergovernmental Employment Security Administration0.3%

Hunting & Fishing License0.3%

Amusement Tax0.3%

Royalties0.2%

Regular Highway Charges0.2%

Occupation & Business License Not Elsewhere Classified0.1%

Alcoholic Beverage Sales Tax0.1%

Motor Vehicle Operators License0.1%

Local Intergovernmental Education0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Corporation License Tax0.1%

Local Intergovernmental Highways0.1%

Parks & Recreation Charges0.1%

Toll Highway Charges0.1%

Housing & Community Development Charges0.1%

Federal Intergovernmental Water Utilities0.0%

Federal Intergovernmental Sewerage0.0%

Public Utility License Tax0.0%

Local Intergovernmental Other0.0%

Alcoholic Beverage License Tax0.0%

Sale of Property0.0%

Local Intergovernmental Water Utilities0.0%

Solid Waste Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Amusement License Tax0.0%

Local Intergovernmental Sewerage0.0%

Other In Trust - Interest Revenue0.0%

Unemployment - Interest Revenue0.0%

Parimutuels Tax0.0%

Local Intergovernmental Public Welfare0.0%

Federal Intergovernmental Air Transportation0.0%

Other License Tax0.0%

Air Transportation Charges0.0%

Key Insights

1Total revenue increased by 78.7% from 2012 to 2021, representing a significant change in the state's financial position.
2Population changed by 10.9%, while per-capita revenue changed by 61.1%.
3The state's fund balances increased by 83.6%, suggesting improved fiscal health.

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State Expense Analysis (Colorado: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 50%

$9,318,331,000→$13,971,116,000

Per Capita Spending▲ 35%

$1,795→$2,426

Population Trends

Population Change▲ 10.9%

5,191,709 (2012)→5,758,736 (2021)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 120%

$0 (2012)→$0 (2021)

Fire Protection▼ 0%

$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▲ 76%

$0 (2012)→$0 (2021)

Sewerage Operations▲ 39%

$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▲ 158%

$0 (2012)→$0 (2021)

General Expenses▼ 14%

$0 (2012)→$0 (2021)

Colorado Key Insights

1Police protection spending increased by 120%, significantly outpacing population growth of 10.9%
2Financial Administration was the fastest growing major expense category at 158% increase

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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▲ 68%

$5,193,508,000 (2012)→$8,738,557,000 (2021)

Industrial Revenue Debt▲ 24%

$10,844,909,000 (2012)→$13,473,426,000 (2021)

Per Capita Debt▲ 52%

$1,000 (2012)→$1,517 (2021)

Population Trends

Population Change▲ 10.9%

5,191,709 (2012)→5,758,736 (2021)

Debt Management

Most Recent Year (2021)

Issued:$2,556,029,000

Retired:$1,232,363,000

Net Change:+$1,323,666,000

Debt Retirement Trend

$1,169,805,000 → $1,232,363,000▲ 5%

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2New debt issuance significantly increased the per-resident debt burden (up 52%).