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COLORADO

Colorado

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  • Background
  • Issues
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  • Pensions
  • Commentary
    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Headlines

      State government dependence on federal funding growing at alarming rate

      The Washington Examiner | by David Freddoso | April 15, 2014

      This trend of increased state dependency on Washington reduces state and local control, while threatening the states' long-run autonomy.

    • Headlines

      Rich States, Poor States

      ALEC | by Arthur B. Laffer, Stephen Moore and Jonathan Williams | April 15, 2014

      Using years of economic data and empirical evidence from each state, the authors identify which policies can lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

    • Headlines

      Rebounding economy fills state coffers with record tax revenues

      Washington Post - GovBeat | by Reid Wilson | April 10, 2014

      State governments collected more than $846 billion in tax revenue in the last fiscal year, the highest amount ever reported, as a rebounding economy boosted coffers hit hard by the recession.

    • Headlines

      Pew's latest pension report understates unfunded liabilities, but still shows growing pension problem

      by Cory Eucalitto | April 4, 2014

      While Pew's report relies directly on state-reported numbers that understate the size of unfunded liabilities, it nonetheless shows tremendous growth in unfunded liabilities since 2008.

    • Budget timeframe: Annual
       

      Fiscal Year begins: July 1


      The current state budget can be found here.

       

      Find the legislative session calendar here.


      Find the current legislative leaders here.

       

       

      CO Gov HickenlooperGov. John Hickenlooper

      Office of Governor Bill Ritter
      136 State Capitol
      Denver, CO 80203
      Phone: (303) 866-2471
      Fax: (303) 866-2003
      http://www.colorado.gov/governor/

       

       

       

      Henry Sobanet, Director
      Office of State Planning & Budgeting
      111 State Capitol Building
      Denver, CO 80203
      Phone (303) 866-3317
      Fax: (303) 866-3044
      http://www.colorado.gov/governor/ospb
      ospb@state.co.us

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities



      Colorado state seal

      Colorado is required to pass a "balanced budget."  Article X, Section 16 of the 1876 Constitution prevents appropriations from being passed which would exceed tax revenue.  Despite this provision, Colorado reported a budget deficit (negative net transactions) for each of the three years studied.  Color ado law forbids the carrying over of a deficit from one year to the next.

       

      The State maintains five major individual governmental funds:  General, Public School, Highway Users Tax, Capital Projects, and State Education.  Each year the State budgets on a cash basis and only budgets the General Fund.  This is evident from the State's data sheet where there is a significant difference between actual and budgeted figures. [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

      Ind. Inst. logo


    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.