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Unformatted text preview: declines or zero increases in revenue and
locally collected property taxes.
Expected lower local government revenues, reductions in services and staff, and continued drops in
assessed valuations will all negatively affect economic outcomes within localities across the state.
As a result of the self-reinforcing cycle caused by
the aforementioned factors, it is projected that
local noneducation government employment in
Colorado will decline 1.5% and 1.2% in 2011 and
2012, respectively. Education
Enrollment and funding are the two key drivers of employment growth in local government 98 educational services. Statewide K-12 enrollment
has grown every year since 1989 and continues to
increase. In the 2008-09 school year, enrollment
growth was 2% over the prior year, the largest
increase since 1989. The Colorado Legislative
Council estimates that in the 2011-12 academic
year, K-12 enrollment will grow 0.9%, totaling
791,839 students. Limited job opportunities in
Colorado may impact in-migration and thereby
affect enrollment growth. In the 2010-11 school
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery