Colorado

Apr 12, 2010 9:11 AM by Associated Press

Colorado grows more dependent on federal aid

Colorado is growing more dependent on aid from the federal government.

According to the U.S. Bureau of Economic Analysis, 13 cents of every $1 that Coloradans earned in personal income during the fourth quarter of last year came from the government. That is up from 9.7 cents on the dollar before the recession started and 8 cents on the dollar in early 2001.

The Colorado Legislative Council predicts that as the recession wears on, Colorado will grow more dependent on the government. A preview published Sunday by The Denver Post predicts that in the third quarter of 2011, aid from the federal government will be 13.6 percent of personal incomes in the state.

 

 

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