Please note that data are cataloged by fiscal years -- you can switch to different years using the links below. For more info see our user guide.
2020 | 2019 | 2018 | 2017 | 2016
Colorado 2017 Revenue Lost to Tax Abatement Programs
Total Revenue Lost:
$237,969,215
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State-level programs
Click on the name of a program for more details.
Program Name |
Program Type | Revenue Loss |
|---|---|---|
| CO Enterprise Zone Business Tax Credits | Economic development | $67,023,000 |
| CO Enterprise Zone Contribution Tax Credits | Economic development | $14,711,000 |
| Job Growth Incentive Tax Credits | Job Creation | $12,619,000 |
| Regional Tourism Act (TIF) | Tourism development | $4,766,000 |
| TABULATED STATE-LEVEL TOTAL | $99,119,000 |
Tabulated localities and districts
Click on the name of jurisdiction for a list of tax abatement programs that reduced its tax revenue.
We estimated the reporting rate among local governments for each state using 2018 and 2019 data. This is to gauge how much data is available in that state.
For Colorado, the estimated reporting rate is as follows:
Cities/counties: 28 out of 68 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 1 out of 93 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
Concerned about the lack of disclosure? Check out the roadmap on GASB 77 compliance we created for CO. You can also get a CSV file of the localities in CO that did not make any tax abatement disclosures in their annual financial reports.
Why is there little or no reporting from school districts?: Colorado relies on tax increment financing (TIF) for economic development; certain type of revenue diversions should be but are not currently covered by GASB 77.
The state does not post local financial audits in an online repository.
|
Reporting Jurisdiction |
Jurisdiction Type | Gross Revenue Loss |
|---|---|---|
| Adams County | County | $57,370 |
| Arapahoe County | County | $54,402 |
| Arvada | Municipality | $9,201,500 |
| Aurora | Municipality | $6,713,401 |
| Boulder | Municipality | $84,309 |
| Broomfield City and County | Municipality/County | $9,325,139 |
| Colorado Springs | Municipality | $790,349 |
| Denver | Municipality | $106,899,713 |
| Denver City and County | Municipality/County | $250,000 |
| Douglas County | County | $850,251 |
| Fort Collins | Municipality | $875,443 |
| Lakewood | Municipality | $3,403,939 |
| St Vrain Valley School District Re-1J | School district | $344,399 |
| TABULATED LOCALITY AND DISTRICT TOTAL | $138,850,215 |
