Colorado : State Data and Comparisons : Data-Z

Colorado

TIA Data

2023 Financial State of Colorado (Released 10/03/2024)

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Colorado owes more than it owns.

Colorado has a -$1,000 Taxpayer Burden.™

Colorado is a Sinkhole State without enough assets to cover its debt.

Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of state bills after its available assets have been tapped.

TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.

Colorado only has $31.4 billion of assets available to pay bills totaling $33.8 billion.

Because Colorado doesn't have enough money to pay its bills, it has a -$2.4 billion financial hole. To fill it, each Colorado taxpayer would have to send -$1,000 to the state.

Colorado's reported net position is overstated by $4.1 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.

The state's financial report was released 217 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Colorado

2021 Financial State of Colorado

2020 Financial State of Colorado

2019 Financial State of Colorado

2018 Financial State of Colorado

2017 Financial State of Colorado

2016 Financial State of Colorado

2015 Financial State of Colorado

2014 Financial State of Colorado

2013 Financial State of Colorado