2011 Population Data Released; Impact on Bond Caps and SSBG Allocations
On December 21, 2011, the U.S. Census Bureau released resident state population estimates for July 2011. 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 -0.4% in Puerto Rico to 2.2% in the District of Columbia. In addition to Puerto Rico, Michigan and Rhode Island registered population declines.
This Issue Brief summarizes the new population estimates and calculates their effect on 2012 tax-exempt private-activity bond limitations and federal fiscal year (FY) 2013 Social Services Block Grant (SSBG) allocations.