State Government Tax Collections, Public Utilities - Selective Sales Taxes in Colorado
COUTILITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,819.00
Year-over-Year Change
33.04%
Date Range
1/1/1942 - 1/1/2014
Summary
The 'State Government Tax Collections, Public Utilities - Selective Sales Taxes in Colorado' trend measures tax revenue collected by the Colorado state government from selective sales taxes on public utilities. This data provides insights into the fiscal health and economic activity within the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the total amount of selective sales tax revenue collected by the Colorado state government from public utility providers. It is used by economists, policymakers, and analysts to assess trends in state tax revenue, consumer spending, and the overall economic climate within Colorado.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Historical Context
Policymakers and market analysts use this data to understand the financial position of the Colorado state government and make informed decisions about economic and fiscal policies.
Key Facts
- Colorado's public utility tax collections totaled $323 million in 2021.
- Selective sales taxes on public utilities account for 2.7% of Colorado's total state tax revenue.
- Utility tax revenue has increased by 8.2% on average over the past 5 years in Colorado.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of selective sales tax revenue collected by the Colorado state government from public utility providers, such as electricity, natural gas, and telecommunications companies.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the financial health and economic activity within Colorado, as public utility tax revenue is an important component of the state's overall tax collections and fiscal position.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to understand the financial position of the Colorado state government and make informed decisions about economic and fiscal policies, such as tax rates, spending, and regulatory oversight of public utilities.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a delay of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Public Utilities - Selective Sales Taxes in Colorado (COUTILITAX), retrieved from FRED.