2013 Population Estimates Released; Impact on Bond Caps and SSBG
On December 30, 2013, the U.S. Census Bureau released resident state population estimates for July 2013. The new data identify population shifts and affect certain grant-in-aid and other formulas. The U.S. population continues to grow more slowly than it has since the Great Depression, with an increase of 0.72% in 2013. Population growth during the year ranged from -1.00% in Puerto Rico to 3.14% in North Dakota. In addition to Puerto Rico, West Virginia and Maine registered declines.
This Issue Brief summarizes the new population estimates and calculates their effect on calendar year (CY) 2014 tax-exempt private activity bond limitations and federal fiscal year (FY) 2015 Social Services Block Grant (SSBG) allocations.