Colorado

2015 Data (Released 09/19/2016)

Financial State of Colorado

Financial State of Colorado Springs

Financial State of Denver

 

 

Colorado owes more than it owns
At -$4,000, Colorado's “Taxpayer's Burden” ranks 23rd out of the 50 states
Colorado is among 40 “Sinkhole States” 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 assets available have been tapped
TIA's Taxpayer Burden measurement incorporates both assets and liabilities, not just pension debt
Colorado has only $12.6 billion of assets available to pay bills totaling $20 billion
To fill the $7.4 billion financial hole each Colorado taxpayer would have to send $4,000 to the state
Because of a new accounting rule, Colorado now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $0 in 2014 to $9.1 billion in 2015. However, the state is still hiding $1.4 billion of pension debt from taxpayers.
The state's financial report was released 301 days after its fiscal year end, which is considered untimely according to the 180 day goal

 

Prior Years' TIA Data

2014 Financial State of Colorado

2013 Financial State of Colorado

 

Financial State of Adams

Financial State of Adams-Arapahoe

Financial State of City of Denver

Financial State of Denver County

Financial State of Douglas

Financial State of Gilcrest

Financial State of Greeley

Financial State of Jefferson

Financial State of Littleton

Financial State of Platte

Financial State of St. Vrain

Other Resources

Colorado Comprehensive Annual Financial Reports

Publishing Entity: Office of the State Controller

IN THE NEWS
Going to pot: sales tax predictions for 2016

JANUARY 6, 2016 | ACCOUNTING TODAY | by JONATHAN BARSADE

State government debt is expected to reach $1.17 trillion in fiscal year 2016, but elected officials have no interest in raising tax rates or taking austerity measures. Why commit political suicide when there are creative ways to boost tax revenue without angering voting taxpayers?

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