Impact of 2017 Population Estimates on Bond Caps and SSBG Allocations
On December 20, the U.S. Census Bureau released state resident population estimates for July 2017 and revised data for prior years. The new data identify population shifts and affect certain formulas.
The U.S. population continues to grow at a historically slow rate, with an increase of 0.72% in 2017. Idaho was the fastest-growing state, at 2.2%. Eight states and Puerto Rico registered population declines.
This Issue Brief summarizes the new population estimates and calculates their effect on calendar year (CY) 2018 tax-exempt private activity bond limitations and fiscal year (FY) 2019 Social Services Block Grant (SSBG) allocations.