Insidious Economic Effects of Colorado’s Soaring Crime Rate

News and Resources

Yellow police tape labelled 'crime scene do not cross'

Anyone who has lived in Colorado for any amount of time is likely aware that in the past few years crime in the Rocky Mountain State has soared to historic levels. There is plenty of blame to go around for this surge in lawlessness, most notably misguided attempts to eliminate the bail bond agent. But we’re not here today to talk about failed bail reform efforts. Instead, we’re going to take a close look at the cost of the state’s soaring crime rate for the state, businesses, and residents.

The Economic Cost of Colorado’s Crime Surge

Most residents (and many visitors) have experienced Colorado's crime epidemic firsthand by way of assaults, car theft, break-ins, and more. In fact, Colorado had the highest car theft rate in the nation in 2022. and Recently a public advocacy research group - The Common Sense Institute (CSI) - took a close look at the economic toll high crime has wrought on the state and the results of their research aren't pretty. The study covers a 15-year period from 2008 to 2023 with data derived from various sources, including the Colorado Bureau of Investigation.

Key Findings of the CSI Study

  • The 2022 crime rate was nearly 30% higher than in 2008.
  • In 2022 the total cost of crime to the state was $27 billion.
  • Crime cost every man, woman, and child in Colorado $4,623 in 2022.
  • Every 1% rise in crime equals a loss of $56.2 million in state GDP.
  • The per capita cost of crime is highest in Adams, Pueblo, and Denver County.
  • The cost of crime in Denver County alone is estimated at $5.3 billion.
  • If state prisons were emptied (as some have advocated) state GDP would drop by $1.1 billion.
  • Conversely, if the crime rate dropped to zero state GDP would increase by $1.8 billion.
  • The value of automobiles stolen last year in Colorado is more than $1 billion.
  • 6 counties, including Jefferson County, have the highest average crime rate.
  • In 2022 incidents of aggravated assault and auto theft rose significantly.

Recent independent studies have also concluded that for the first time in decades, Colorado is no longer a top 10 destination for Americans taking road trips, with safety concerns being the major reason people cite for avoiding the state. This is taking a significant toll on the state's tourism industry.

About The Common Sense Institute

The Common Sense Institute that authored the study being cited here is a non-partisan research organization dedicated to promoting and protecting the economy of Colorado. CSI was founded by a diverse group of business and community leaders who felt that partisanship had gotten in the way of responsible policy in the state.

CSI is not affiliated with any bail bond company or the industry as a whole. CSI uses proven research techniques as well as dynamic modeling to evaluate crime statistics and has no agenda other than to shine a light on the real state of the Colorado economy. That way members of the public can formulate opinions based on facts, not political rhetoric.

The Bottom Line

The statistics gleaned from the CSI study on the cost of crime in Colorado are sobering, to say the least. They speak to the need to reinforce the justice system in the state as well as abandoning ideas of eliminating the bonding company and affordable bail bonds. Now more than ever the state needs to reinforce mechanisms that promote accountability so that Coloradans can go back to living their lives in peace.

Next Post Previous Post

Search The Site

Speak With the Experts

Feel free to browse our bail bonds resources here or use the search above to see if we've written about the topic yet.

For the fastest response, please give us a call at (303) 623-0399 and a member of our team will be able to quickly and accurately provide an answer to any Colorado bail bond-related question you may have.

Recent Articles

Sunday, March 03, 2024 Mike Tayler
Anytime you bail out a friend or loved one you’re taking a chance. If the accused heads for the hills after being released and is never heard from again you are going to lose and lose big. If you paid cash instead of using a bondsman that cash will be forfeited. If you posted a property bond the court may foreclose on your house and sell it to get the bail amount, and if you enlisted the help of a bail bonds agent they are going to come knockin...
Saturday, November 19, 2022
When a person has been arrested there’s a lot going through their mind and it can sometimes be difficult to take a step back, take a breath and make sound decisions. One mistake a lot of people who have been arrested in Denver County, Golden, and elsewhere in Colorado make is deciding to act as their own bail bond agent by paying their own bail. Certainly, if they have the means it’s entirely legal for them to do so, but just because you can...
Sunday, March 03, 2024
Although those in favor of eliminating the centuries-old bail bonds system suffered a much deserved setback last year in the Colorado state senate, that hasn’t stopped them from trying to saddle taxpayers with their backward, short-sighted ideas. In fact, as you read this lobbyists are working the corridors of power in Denver trying to get legislators behind new efforts to eliminate cash bail. In its stead they propose using a deeply flawed com...

Syndicate via Atom & RSS

Connect With Us

Facebook
Google
Twitter

Contact Info

Tayler Made Bail Bonding is available 24 hours a day and 7 days a week.

(303) 623-0399
email@taylermadebailbonding.com
3595 South Teller Street
Suite 300A
Lakewood, CO 80235
@TaylerMadeBail