ARTICLES :: WHAT WE HAVE LEARNED - A SERIES
June 8, 2005The Dynamics of Growth - A Colorado Test
By CEFP Staff
In many ways, Colorado is a unique and constantly changing state. Over the past 25 years, we have experienced periods of rapid growth, which have changed who we are, our sense of history and tradition, and our attitudes about government and community. Growth also has strained the financial resources of state and local governments to keep up with infrastructure needs. The Colorado Economic Futures Panel at the University of Denver is exploring just those types of issues as they evaluate where we are as a state and where we are going. The study is still underway, but some interesting facts have come to the surface. Test your knowledge with these six questions:
Answer Key (correct answer in -bold-):
- -3- Colorado grew by 30.6% during the 1990s. Colorado was the third fastest growing state in the nation during the decade, after Nevada and Arizona. Eight of the 12 fastest growing states were in the western United States.
- -5- Colorado ’s rank of 46th for the percentage of its population born in the state reflects the high in-migration into the state during the past few decades. Colorado ’s 41% was far lower than the national average of 60%. Colorado placed fourth highest in the percentage of population from another state between 1995 and 2000.
- -1- Colorado rose to 7th in per capita income in 2000, excluding Washington , D.C. Even after the economic downturn and the impact of September 11th, Colorado has remained in a very wealthy state — still in 7th place — as of 2004, the latest year for this data. However, Colorado was 38th in the rate of growth between 2003 and 2004 in per capita personal income.
- -5- In 2003 total state government debt reached nearly $8.0 billion reflecting a rate of growth of 186% since 1995. State government debt includes the debt of state-created, quasi-public entities such as the Colorado Postsecondary Education Facilities Authority, the Colorado Water Resources and Power Development Authority and many others. State government debt also includes multi-year financial obligations for projects such as T-REX.
- -4- Eighty two new special districts were added during the 2004 election. Of our more than 2,500 local governments, at least four out of five are special districts. These range from fire, water, and sanitation districts to metropolitan districts — districts that provide at least two types of services.
- -2- Colorado’s rank was 7th in the nation. In 2002, only the following states had more special districts than Colorado: California, Illinois, Kansas, Missouri, Pennsylvania and Texas.