Colorado Fiscal Statistics

StatisNostics/State Financials/Colorado

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20122024

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State Revenue Analysis (Colorado: 2012–2024)

Population: 5,191,709 → 5,839,926 (12.5% change)

Overall Revenue Trends

Total Revenue▲ 103.5%

$23,153,564,000 (2012)→$47,115,838,000 (2024)

Per Capita Revenue▲ 80.9%

$4,460 (2012)→$8,068 (2024)

Fund Balances▼ 100%

$20,226,220,000 (2012)→$0 (2024)

Revenue Volatility✓ Low

Avg. fluctuation: 7.7%

Major Tax Revenue

Sales Tax▲ 102.7%

$2,302,333,000 (2012)→$4,666,039,000 (2024)

Utility Revenue

Solid Waste Charges▼ 31.8%

$5,577,000 (2012)→$3,805,000 (2024)

Growth Analysis

Fastest Growing Revenue Sources

Regular Highway Charges▲ 21979.5%

$1,011,000→$223,224,000

Unemployment - Interest Revenue▲ 6476.4%

$123,000→$8,089,000

Toll Highway Charges▲ 2147.0%

$3,443,000→$77,365,000

Declining/Slowest Growing Sources

Housing & Community Development Charges▼ 95.5%

$8,854,000→$402,000

Other In Trust - Interest Revenue▼ 78.9%

$5,965,000→$1,258,000

Local Intergovernmental Health & Hospitals▼ 77.8%

$45,000→$10,000

Revenue Forecast

Projected Revenue (Next Year)▲ 0.1%

Estimated: $47,159,367,901

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%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare17.8%

Individual Income Tax16.0%

Total General Sales Taxes9.9%

Federal Intergovernmental Health & Hospitals6.4%

Higher Education Tuition Charges6.3%

Federal Intergovernmental Education6.1%

Corporation Net Income Tax5.5%

Hospital Charges3.5%

Other Selective Sales Taxes3.4%

Interest Earnings3.2%

Unemployment - Contribution2.2%

Federal Intergovernmental Highways1.8%

Higher Education Auxiliary Charges1.7%

Donations From Private Sources1.7%

Motor Fuels Sales Tax1.5%

Federal Intergovernmental Other1.2%

Insurance Premium Tax1.2%

Miscellaneous General Revenue Not Elsewhere Classified1.1%

Workers Compensation - Other Contributions1.1%

Motor Vehicle License1.0%

Federal Intergovernmental Housing & Community Development0.9%

Fines & Forfeits0.8%

Tobacco Sales Tax0.7%

All Other Not Elsewhere Classified Charges0.6%

Net Lottery Revenue0.5%

Regular Highway Charges0.5%

Royalties0.4%

Federal Intergovernmental Other Natural Resources0.4%

Severance Tax0.4%

Amusement Tax0.4%

Hunting & Fishing License0.3%

Workers Compensation - Interest Earnings0.2%

Federal Intergovernmental Employment Security Administration0.2%

Toll Highway Charges0.2%

Natural Resources Not Elsewhere Classified Charges0.2%

Occupation & Business License Not Elsewhere Classified0.1%

Local Intergovernmental Education0.1%

Alcoholic Beverage Sales Tax0.1%

Sale of Property0.1%

Motor Vehicle Operators License0.1%

Corporation License Tax0.1%

Parks & Recreation Charges0.1%

Public Utility License Tax0.0%

Local Intergovernmental Highways0.0%

Local Intergovernmental Other0.0%

Federal Intergovernmental Sewerage0.0%

Alcoholic Beverage License Tax0.0%

Unemployment - Interest Revenue0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Solid Waste Charges0.0%

Other In Trust - Interest Revenue0.0%

Amusement License Tax0.0%

Local Intergovernmental Sewerage0.0%

Housing & Community Development Charges0.0%

Local Intergovernmental Public Welfare0.0%

Local Intergovernmental Health & Hospitals0.0%

Key Insights

1Total revenue increased by 103.5% from 2012 to 2024, representing a significant change in the state's financial position.
2Population changed by 12.5%, while per-capita revenue changed by 80.9%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Colorado: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 253%

$9,318,331,000→$32,856,993,000

Per Capita Spending▲ 213%

$1,795→$5,626

Population Trends

Population Change▲ 12.5%

5,191,709 (2012)→5,839,926 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 152%

$128,662,000 (2012)→$324,611,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 104%

$371,860,000 (2012)→$756,965,000 (2024)

Sewerage Operations▲ 66%

$2,897,000 (2012)→$4,811,000 (2024)

Administrative Expenses

Financial Administration▲ 188%

$299,655,000 (2012)→$864,373,000 (2024)

General Expenses▲ 112%

$637,111,000 (2012)→$1,352,750,000 (2024)

Colorado Key Insights

1Police protection spending increased by 152%, significantly outpacing population growth of 12.5%
2Per capita expenditures grew by 213%, indicating substantial service expansion or cost increases not explained by population growth alone
3General expenses increased dramatically by 112%, which may indicate classification changes, new initiatives, or reporting adjustments
4Financial Administration was the fastest growing major expense category at 188% increase

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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 352%

$5,193,508,000 (2012)→$23,456,236,000 (2024)

Industrial Revenue Debt▼ 100%

$10,844,909,000 (2012)→$0 (2024)

Per Capita Debt▲ 302%

$1,000 (2012)→$4,017 (2024)

Population Trends

Population Change▲ 12.5%

5,191,709 (2012)→5,839,926 (2024)

Debt Management

Most Recent Year (2024)

Issued:$3,247,694,000

Retired:$1,541,326,000

Net Change:+$1,706,368,000

Debt Retirement Trend

$1,169,805,000 → $1,541,326,000▲ 32%

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 302%).