Colorado’s budget increased, cumulatively, less than pop+inf in state funds and all funds from 2013-22.



State Funds Budget Data
- Estimated 2023 State Funds Budget ($ Billions): $26.15
- Budget Limit ($ Billions): $27.59
- Budget Limit Growth ($ Billions): 5.50%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: ($740.55)
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: ($2,962)
- Cumulative cost per person of budgeting more than pop+inf over the last decade: ($2,157.52)
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: ($8,630.06)
State All Funds Budget Data
- Estimated 2023 All Funds Budget ($ Billions): $37.32
- Budget Limit ($ Billions): $39.37
- Budget Limit Growth ($ Billions): 5.50%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: ($661.86)
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: ($2,647.43)
- Cumulative cost per person of budgeting more than pop+inf over the last decade: ($935.82)
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: ($3,743.29)
Other Considerations
- Economic Freedom (2020) (Rank): 21 [Fraser Institute]
- State Tax Collections Per Capita (FY2021) ($): $3,238 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 35 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $6,699 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 9.70% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 19 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 4.40% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 17 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): F [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 21 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 4.40% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 40 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 7.78% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 15 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.55% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 48 [Tax Foundation]
- Tax and Expenditure Limit (0-3): 3 [American Legislative Exchange Council]
- Tax and Expenditure Limit (Rank): 1 [American Legislative Exchange Council]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $14,258 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 38 [US Government Spending]
- Official Poverty Rate (2020-22) (%): 8.5 [Census Bureau]
- Official Poverty Rate (2020-22) (Rank): 9 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (%): 8.9 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (Rank): 28 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 68.00% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 6 [Bureau of Labor Statistics]