Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
JBC directs staff to draft bill to change how TABOR population growth is calculated after revised Census estimates lower available spending
Summary
Legislative economists told the Joint Budget Committee that a Census Bureau upward revision to Colorado's 2023 population left 24,000 people uncounted in the current TABOR growth calculation; the committee authorized staff to draft a statutory change and legislative declaration to use the most current prior‑year estimate in the limit calculation.
Greg Sovetsky, chief economist at the Legislative Council Staff, told the Joint Budget Committee that revisions the U.S. Census Bureau made to the July 1, 2023 population estimate mean that, under current statute, roughly 24,000 people are not captured in the TABOR limit growth calculation for FY 2025‑26.
Sovetsky explained that current law directs the state controller to use the most recent estimates produced in December to compute the year‑over‑year population change used in the TABOR limit. Because the December 2024…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
