Mar 8, 2022 | 2022 Research, Featured Research, Recent Research, Research, Taxes & Fees
Colorado economic activity as proxied by taxable sales, generated from the purchase of taxable goods and services, has more than fully recovered. Through the end of 2021, this crucial driver of both state and local sales tax revenue has grown well beyond pre-pandemic levels, even after adjusting for population growth and recent inflation.
Feb 17, 2022 | Events & Commentary, Webinars
State policymakers identify soaring criminality in Colorado as a key challenge they vow to tackle this year. Some blame the state’s “criminal friendly” policies as contributing to the trend, while others say the “lock up everybody” mentality has a longer record of failing communities.
Feb 2, 2022 | 2022 Research, Featured Research, Recent Research, State Budget, Taxes & Fees
The recent changes in state government employment vary greatly across each department. Though the Governor’s FY23 budget request proposes a 0.85% increase in the overall level of the state government’s workforce, five agencies are proposed to grow above 6%.
Jan 17, 2022 | 2022 Research, Featured Research, Jobs & Our Economy, Recent Research, Research
Due to the influence of the COVID-19 pandemic and the state government’s policy responses, Colorado’s unemployment levels spiked in early 2020 and caused the state’s Unemployment Insurance Trust Fund to become deeply insolvent.
Dec 17, 2021 | 2021 Research, Featured Research, Job Reports, Jobs & Our Economy, Recent Research, Research
Despite concerns of rising inflation and a new COVID-19 variant, November job growth in Colorado remained relatively strong at 9,800 jobs. This is above the monthly average job growth needed to fully recover to a pre-pandemic employment-to-population ratio by 2023.