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Staff Publications

Report on 2025 Property Tax Balancing Percentage

Passed in August 2024, House Bill 24B-1001 created a property tax limit for school districts beginning with the 2025 property tax year (PTY), for which taxes are payable in 2026. The bill’s provisions limit statewide qualified local share property tax revenue, or local share total program revenue excluding certain sources or uses, by adjusting the residential assessment rate applied to school district mill levies temporarily downward if qualified revenue is expected to exceed the limit. Section 29-1-1702.5 (4)(c) C.R.S.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Education & School Finance (Pre & K-12)
  • Fiscal Policy & Taxes


Summary of Major Legislation

Summary of 2024 Finance, State Budget, and Taxes Legislation

During the 2024 legislative session, the General Assembly passed several bills related to finance, the state budget, and taxes.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Financial Services & Commerce
  • Fiscal Policy & Taxes
  • State Revenue & Budget

Budget Related Publications

Forecast December 2024

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.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes
  • State Revenue & Budget


Staff Publications

Business Personal Property Tax

This memorandum provides background information on Colorado’s business personal property tax. Personal property includes machinery, equipment, and other goods used to operate a business that are not part of a building or structure and its fixtures. For the purposes of this memo, business personal property encompasses generally nonresidential (income producing), private personal property that is not used in a religious or nonprofit, charitable organization.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Business & Economic Development
  • Fiscal Policy & Taxes

Budget Related Publications

Forecast September 2024

Focus Colorado presents forecasts for the economy and state government revenue through FY 2024-25. 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.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes
  • State Revenue & Budget


Tax Expenditure Evaluation

Fuel Excise Tax Expenditures

Report No. 2024-TE6

Release date:
Publishing Agency:
Office of the State Auditor
Subjects:
  • Fiscal Policy & Taxes
  • Transportation & Motor Vehicles

Tax Expenditure Evaluation

Fuel Excise Tax Expenditures

Report No. 2024-TE6

Release date:
Publishing Agency:
Office of the State Auditor
Subjects:
  • Fiscal Policy & Taxes
  • Transportation & Motor Vehicles


Budget Related Publications

Forecast June 2024

Focus Colorado presents forecasts for the economy and state government revenue through FY 2024-25. 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.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes
  • State Revenue & Budget

Staff Publications

Fiscal Note Reports (2024)

Fiscal Note Data Reports show the fiscal impact of all legislation currently pending before the General Assembly, based on the most recent published fiscal note.  Updated reports will be posted on this page approximately weekly during the legislative session.  After session, final data will be posted. 

The data reports are contained in an Excel spreadsheet with each report located on a separate tab.  Data in each report is in a sortable/filterable table.  Included reports include:

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes
  • General Assembly
  • State Revenue & Budget

Staff Publications

Fiscal Notes for Legislation Included in the FY 2024-25 Long Bill Budget Package

This packet includes fiscal notes for bills introduced with the FY 2024-25 Long Bill, including HB 24-1385 through HB 24-1428. Fiscal notes for these bills are also be available individually on each bill page on the General Assembly website.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes
  • General Assembly
  • State Revenue & Budget

Budget Related Publications

Forecast March 2024

Focus Colorado presents forecasts for the economy and state government revenue through FY 2024-25. 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.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes
  • State Revenue & Budget






Tax Expenditure Evaluation

Child Care Expenses Income Tax Credits

Report No. 2023-TE19

Release date:
Publishing Agency:
Office of the State Auditor
Subjects:
  • Children & Domestic Matters
  • Education & School Finance (Pre & K-12)
  • Fiscal Policy & Taxes
  • Labor & Employment

Tax Expenditure Evaluation

Organ Donor Employer Credit

Report No. 2023-TE18

Release date:
Publishing Agency:
Office of the State Auditor
Subjects:
  • Fiscal Policy & Taxes
  • Health Care & Health Insurance

Budget Related Publications

Forecast December 2023

Focus Colorado presents forecasts for the economy and state government revenue through FY 2023-24. 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.

Release date:
Publishing Agency:
Legislative Council Staff
Subjects:
  • Fiscal Policy & Taxes
  • State Revenue & Budget


Tax Expenditure Evaluation

Residential Energy Storage Credit Memo

Note: A more recent evaluation was issued in December 2025. Click HERE to access the December 2025 report.

Release date:
Publishing Agency:
Office of the State Auditor
Subjects:
  • Energy
  • Fiscal Policy & Taxes
  • Natural Resources & Environment