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Focus Colorado presents forecasts for the economy and state government revenue through FY 2026-27. Implications of the forecast for the state's General Fund budget and spending limit are described in the report's highlights and executive summary sections. The report is based on current law, legislation passed by the General Assembly affecting the forecast is described throughout the report.

This memorandum is intended for use by policymakers, legislative drafters, and budget analysts to understand the different funding mechanisms that may be used in legislation. It describes how different funding mechanisms in legislation impact the state budget and how they are shown in fiscal notes prepared by Legislative Council Staff. These funding mechanisms include appropriations, transfers, diversions, and warrants on state funds, as well as fee revenue and gifts, grants, or donations. The memorandum concludes with a list of funding mechanisms for which voter approval is required.

Report No. 2025-TE13

This report contains the final audited figures for state revenue retained under Referendum C in the 2005‑06 through 2024-25 state fiscal years and preliminary numbers for the 2025-26 state fiscal year. It also reflects the actions of the General Assembly and Governor in spending the retained money. This report is prepared in accordance with the requirements of Referendum C, which was approved by voters in 2005. 

Public K-12 education in Colorado is financed through state and local sources. The school finance formula in state law establishes a statewide total funding level. The difference between this amount and the local share determines the state’s school finance obligation. The local share is paid primarily from property taxes. Exemptions, policy adjustments, or other factors that reduce or slow the growth of property taxes requires the state to increase its share of K-12 education funding.

Legislative Council Staff economic outlook presentation to the Joint Budget Committee.

Focus Colorado presents forecasts for the economy and state government revenue through FY 2026-27. Implications of the forecast for the state's General Fund budget and spending limit are described in the report's highlights and executive summary sections. The report is based on current law, legislation passed by the General Assembly affecting the forecast is described throughout the report.

Report No. 2025-TE12

This forecast update presents forecasts for the economy and state government revenue through FY 2026-27. Implications of the forecast for the state's General Fund budget and spending limit are described in the report's highlights and executive summary sections. The report is based on current law, legislation passed by the General Assembly affecting the forecast is described throughout the report.

Report No. 2025-TE11

Report No. 2025-TE10

Memo No. 2025-TE9

Note: A full evaluation of the exemption is available HERE.

Report No. 2025-TE6

Focus Colorado presents forecasts for the economy and state government revenue through FY 2026-27. Implications of the forecast for the state's General Fund budget and spending limit are described in the report's highlights and executive summary sections. The report is based on current law, legislation passed by the General Assembly affecting the forecast is described throughout the report.

Fiscal Note Data Reports show the fiscal impact of all legislation currently pending before the General Assembly at the 2025 session, based on the most recent Legislative Council Staff fiscal note. Updated reports will be posted on this page approximately weekly during the legislative session. After session, final data will be posted. Fiscal data is provided in both a sortable Excel and a printable PDF format. Each report provides a summary of the impact of all pending bills together, and detailed information for individual bills by fiscal year.

Memo No. 2025-TE8

Memo No. 2025-TE7

This document lists the LCS Fiscal Analyst assigned to work on the fiscal note for each bill and concurrent resolution introduced at the 2025 session. This list will be updated periodically throughout the session. If you need assistance, contact Bill Zepernick, Fiscal Notes Manager, at bill.zepernick@coleg.gov / 303-866-4777.

This memorandum provides information concerning Colorado’s severance tax structure and estimated effective severance tax rates, along with a comparison of effective rates for eight other western oil and gas producing states from 2018 to 2022.

This memorandum provides information concerning Colorado’s severance tax structure and estimated effective severance tax rates, along with a comparison of effective rates for eight other western oil and gas producing states from 2018 to 2022.

This memorandum presents the 2025 Legislative Council Staff forecast for the state public institutions of higher education. The forecast provides projections of resident and nonresident full-time equivalent (FTE) student enrollment and College Opportunity Fund (COF) FTE enrollment for the current fiscal year (FY 2024-25) and budget year (FY 2025-26). The forecast also includes projected tuition revenue for FY 2024-25.

This packet includes fiscal notes for bills introduced with the FY 2025-26 Long Bill, including SB 25-207 through SB 25-270. Fiscal notes for these bills are also be available individually on each bill page on the General Assembly website.

Report No. 2025-TE5

Focus Colorado presents forecasts for the economy and state government revenue through FY 2026-27. Implications of the forecast for the state's General Fund budget and spending limit are described in the report's highlights and executive summary sections. The report is based on current law, legislation passed by the General Assembly affecting the forecast is described throughout the report.

Report No. 2025-TE4