2012 Population Estimates Released; Impact on Bond Caps and SSBG Allocations
On December 20, 2012, the U.S. Census Bureau released resident state population estimates for July 2012. The new data identify population shifts and affect certain grant-in-aid and other formulas. Overall, the U.S. population continues to grow at less than 1% per year. Population growth during the year ranged from -0.7% in Puerto Rico to 2.2% in North Dakota. In addition to Puerto Rico, Rhode Island and Vermont registered population declines.
This Issue Brief summarizes the new population estimates and calculates their effect on 2013 tax-exempt private-activity bond limitations and federal fiscal year (FY) 2014 Social Services Block Grant (SSBG) allocations.