Colorado

TIA Data

2017 Financial State of Colorado (Released 9/25/2018)

 
Colorado owes more than it owns.
Colorado has a -$9,800 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 $12.7 billion of assets available to pay bills totaling $31.9 billion.
Because Colorado doesn't have enough money to pay its bills, it has a $19.3 billion financial hole. To fill it, each Colorado taxpayer would have to send $9,800 to the state.
Colorado's reported net position is inflated by $5.7 billion, largely because the state defers recognizing losses incurred when the net pension liability increases.
Despite a recently implemented accounting standard meant to increase transparency, Colorado still excludes $460.3 million of pension debt from its balance sheet. In addition, the state is still hiding $786.9 million of its retiree health care debt. A new accounting standard will be implemented in the 2018 fiscal year which will require states to report this debt on the balance sheet.
The state's financial report was released 221 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Denver

2016 Financial State of Colorado Springs

2016 Financial State of Colorado

2016 Financial State of Aurora

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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