Colorado

TIA Data

2016 Financial State of Colorado (Released 5/23/2017)

2015 Financial State of Denver (Released 1/11/2017)

2015 Financial State of Colorado Springs (Released 1/11/2017)

 
Colorado owes more than it owns and ranks the 20th out of the 50 states.
Colorado's Taxpayer Burden™ is -$4,000, and received a "C" from TIA.
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 $12.3 billion of assets available to pay bills totaling $20 billion.
Because Colorado doesn't have enough money to pay its bills, it has a $7.7 billion financial hole. To fill it, each Colorado taxpayer would have to send $4,000 to the state.
Because of an accounting rule implemented last year, Colorado has to report its pension debt on its balance sheet. This year, the state's reported pension debt grew from $9.1 billion in 2015 to $10.3 billion in 2016.
Despite reporting most of its pension debt, the state is still hiding $745 million of retiree health care debt. A new accounting standard will be implemented in two years, and will require states to report this debt on the balance sheet.
The state's financial report was released 242 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2015 Financial State of Colorado

2014 Financial State of Colorado

2013 Financial State of St. Vrain

2013 Financial State of Platte

2013 Financial State of Littleton

2013 Financial State of Jefferson

2013 Financial State of Greeley

2013 Financial State of Gilcrest

2013 Financial State of Douglas

2013 Financial State of Denver County

2013 Financial State of Colorado

2013 Financial State of Adams-Arapahoe

2013 Financial State of Adams

Other Resources

Colorado Comprehensive Annual Financial Reports

Publishing Entity: Office of the State Controller

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