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State Guide38th StateEst. 1876
Colorado State Flag

Colorado CO

"The Centennial State"

Land of towering mountains, wide-open plains, and clear blue skies. Colorado is home to 54 peaks above 14,000 feet, some of the world's greatest ski resorts, a booming tech sector, and a spirit of western independence that has shaped American history since the Gold Rush.

Colorado state finances at a glance

State Debt - FY2024

$23.6 billion

Total state government debt outstanding at the close of fiscal 2024, including long-term bonds and short-term borrowing across state agencies and public universities.

Tax Revenue - FY2024

$19.2 billion

Total Colorado state tax collections in fiscal 2024, led by the individual income tax ($7.5B) and the general sales tax ($4.7B).

Borrowing

Colorado's constitution, through TABOR and earlier limits, bars the state from issuing general obligation debt without a public vote, so it borrows through certificates of participation and lease-purchase agreements instead. Those are sold to investors in the municipal market and repaid from annual appropriations; the state also uses federal transportation loans and GARVEE bonds for highways. The state reported about $1.1 billion in interest on its debt in fiscal 2024.

Source: U.S. Census Bureau, 2024 Annual Survey of State Government Finances.

38th
State admitted to the Union
5.9M
Population (2025 est.)
104K
Square miles, 8th largest
54
Mountain peaks over 14,000 ft
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