Jared Polis Colorado Inauguration: Jan 2019 9 CO Next Election: 2022 State Control Party Governor Party Democrat Democrat OVERALL RANK

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PREVIOUS GOVERNORS AND PARTY AFFILIATION Results Rank (1=best, 50=worst): John Hickenlooper 2011-2019 A situational measure based on Bill Ritter 2007-2011 12 the state’s economic outcomes Bill Owens 1999-2007 (equal-weighted average).These variables are highly influenced by Roy Romer 1987-1999 the Governor’s policy. RESULTS RANK

SENATE 54% 46% Policy Rank (1=best, 50=worst): Democrat 19 Republican 16 A Measure of policy stances and decisions based on each Governor’s 10 legislative history regarding 6 key HOUSE areas (equal-weighted average). 63% 37% POLICY RANK

Democrat 41 Republican 24

KEY PERFORMANCE INDICATORS RANK ABOUT GOVERNOR JARED POLIS TAX POLICY Upon taking office in 2019, Governor Jared Polis Sales, Personal Income, Fuel, and Other Tax Changes 4 inherited a strong framework laid by pro-growth leaders. As a result, the state has experienced strong SPENDING POLICY economic performance in recent years. TABOR, or Proposed and Enacted Changes in State Spending 3 the Taxpayers’ Bill of Rights, has kept tax revenues and spending from growing in an excessive fashion since Colorado voters enshrined it into the Colorado CARES POLICY Constitution in 1992. Gov. Polis recently endorsed a Handling of Federal Funds as of July 2020 4 measure to reduce the state’s personal income tax, which would be a benefit to an already strong policy UNION POLICY environment. Public Employees, Public Employee Raises, and Prevailing Wage Laws 39

WELFARE POLICY Welfare Spending per Capita 30

EDUCATION POLICY School Choice Participation, NAEP Scores, nd per Pupil Spending 6

ALEC | American Legislative Exchange Council 2020 THE LAFFER-ALEC REPORT ON ECONOMIC FREEDOM GRADING AMERICA’S 50 GOVERNORS

RESULTS

29 25 13 7

DEBT RANK SPENDING RANK PREPAREDNESS RANK ECONOMIC RANK

TAX POLICY DATA RANK

State Spending Top Marginal Personal Income Tax Rate 4.63% Yearly Spending per GSP, 2009-2019: 14

13% Top Marginal Corporate Income Tax Rate 4.63% 10 12% Inauguration 11% Personal Income Tax Progressivity (change in tax liability per $1,000 of $7.65 income) 21 10%

9% Property Tax Burden $28.93 (per $1,000 of personal income) 25 ’09 ’10 ’11 ’12 ’13 ’14 ’15 ’16 ’17 ’18 ’19

Sales Tax Burden $25.11 (per $1,000 of personal income) 32 2020 Unemployment Rate Monthly Unemployment Rate from January to July, 2020: Remaining Tax Burden (per $1,000 of personal income) $13.06 30% 6

25% Estate/Inheritance Tax Levied No 20% 1

15% 12% 10% 11% Recently Legislated Tax Changes 10% (2018 & 2019, per $1,000 of personal 7% $0.16 income) 23 5% 5% 3% 3%

0 Debt Service as a Share of Tax Revenue 8.5% Jan Feb Mar Apr May Jun Jul 42

THE LAFFER-ALEC REPORT ON ECONOMIC FREEDOM GRADING AMERICA’S 50 GOVERNORS