Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
Staff Publications

CY 2021 ARPA Revenue Loss

Subjects
Fiscal Policy & Taxes
State Revenue & Budget
Published
01/31/2022

Among the allowable uses of federal American Rescue Plan Act (ARPA) funds, states have the most flexibility in spending the portion of funding used to offset the state revenue loss attributable to the COVID-19 pandemic. This memorandum provides information on the revenue loss reported for calendar year (CY) 2020 and the preliminary loss calculated for CY 2021, estimated at $1.14 billion and $2.55 billion, respectively. The preliminary cumulative two-year revenue loss is $3.69 billion, compared with the $3.83 billion total ARPA allocation for the state of Colorado. Additional revenue losses are possible in CY 2022 and CY 2023.

Email addresses for the Colorado legislature changed from the @state.co.us domain to the @coleg.gov domain on December 1, 2022. Details