Staff Publications 2020 Blue Book Fiscal Impact Fiscal Impact Statements for the 2020 statewide ballot measures. Release date: 2020-09-14 Publishing Agency: Legislative Council Staff Subjects: Elections & Redistricting Fiscal Policy & Taxes State Revenue & Budget Download File
Budget Related Publications FY 2020-21 Appropriations Report The Appropriations Report summarizes the final action of the General Assembly and the Governor on the budget and other legislation passed during the previous legislative session that contained an appropriation of moneys. Release date: 2020-08-31 Publishing Agency: Joint Budget Committee Staff Subjects: State Revenue & Budget Download File
Budget Related Publications Forecast June 2020 Focus Colorado presents forecasts for the economy and state government revenue through FY 2019-20. 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: 2020-06-19 Publishing Agency: Legislative Council Staff Subjects: Fiscal Policy & Taxes State Revenue & Budget Download File
Budget Related Publications FY 2020-21 Budget Package and Long Bill Narrative The Long Bill Narrative, which is the annual appropriations act, is prepared by staff to explain funding decisions recommended by the JBC to the rest of the General Assembly. This document is a companion document to the actual Long Bill. The narrative outlines budget changes based on the introduced version of the Long Bill. Release date: 2020-05-26 Publishing Agency: Joint Budget Committee Staff Subjects: State Revenue & Budget Download File
Budget Related Publications Forecast Update May 2020 Focus Colorado presents forecasts for the economy and state government revenue through FY 2019-20. 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: 2020-05-12 Publishing Agency: Legislative Council Staff Subjects: Fiscal Policy & Taxes State Revenue & Budget Download File
Budget Related Publications Forecast March 2020 Focus Colorado presents forecasts for the economy and state government revenue through FY 2019-20. 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: 2020-03-16 Publishing Agency: Legislative Council Staff Subjects: Fiscal Policy & Taxes State Revenue & Budget
Budget Related Publications CY 2020 for FY 2019-20 Supplemental Narrative The Supplemental Narrative is prepared by the staff to explain proposed adjustments to prior year appropriations recommended by the JBC to the rest of the General Assembly. This narrative describes all of the proposed budget changes statewide, by department, and by program, and provides detailed calculations of the spending and revenue limits. This explanation does not reflect any subsequent changes to the Supplemental Bills as they are amended by the Senate or House of Representatives. Release date: 2020-02-03 Publishing Agency: Joint Budget Committee Staff Subjects: State Revenue & Budget Download File
Final/Annual Reports 2020 State Education Fund Report Pursuant to Section 22-55-104 C.R.S., Legislative Council Staff, in consultation with the State Auditor, the State Treasurer, the Department of Education (CDE), the Office of State Planning and Budgeting, and the Joint Budget Committee (JBC), is required to conduct a review of the model used to forecast revenue to and expenditures from the State Education Fund and the spending requirements for the Public School Finance Act of 1994 by February 1 of each year. This report provides a forecast of the State Education Fund revenue and expenditures within the budgetary framework for school f Release date: 2020-01-31 Publishing Agency: Legislative Council Staff Subjects: Education & School Finance (Pre & K-12) State Revenue & Budget Download File
Budget Related Publications Forecast December 2019 Focus Colorado presents forecasts for the economy and state government revenue through FY 2019-20. 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: 2019-12-19 Publishing Agency: Legislative Council Staff Subjects: Fiscal Policy & Taxes State Revenue & Budget Download File
Issue Briefs Road Usage Charge Programs (19-14) Transportation infrastructure in the United States is primarily funded through motor fuel (gas) taxes. Facing declining future revenues and increased construction costs, some states have begun to experiment with a new way of funding transportation: the road usage charge. This issue brief provides background information on road usage charges, along with information on road usage charge programs in Colorado and other states, and highlights trends and future policy considerations. Release date: 2019-09-23 Publishing Agency: Legislative Council Staff Subjects: Fiscal Policy & Taxes State Revenue & Budget Transportation & Motor Vehicles Download File
Budget Related Publications Forecast September 2019 Focus Colorado presents forecasts for the economy and state government revenue through FY 2019-20. 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: 2019-09-18 Publishing Agency: Legislative Council Staff Subjects: Fiscal Policy & Taxes State Revenue & Budget
Budget Related Publications 2019 Appropriations History Release date: 2019-08-06 Publishing Agency: Joint Budget Committee Staff Subjects: State Revenue & Budget Download File
Fiscal Policy & Taxes Evaluating Tax Expenditure Legislation This memorandum provides information intended to aid in the evaluation of legislation that would create a new or alter an existing tax expenditure. State law defines a tax expenditure as a “tax provision that provides a gross or taxable income definition, deduction, exemption, credit, or rate for certain persons, types of income, transactions, or property that results in reduced tax revenue.” Put simply, tax expenditures reduce the tax liability of qualifying taxpayers. In doing so, tax expenditures reduce the amount of revenue state and local governments collect. Release date: 2019-07-16 Publishing Agency: Legislative Council Staff Subjects: Fiscal Policy & Taxes State Revenue & Budget Download File
Summary of Major Legislation Summary of 2019 Fiscal Policy and Taxes Legislation During the 2019 legislative session, the General Assembly considered a number of bills regarding fiscal policy, taxes, and financial services. Release date: 2019-07-16 Publishing Agency: Legislative Council Staff Subjects: Fiscal Policy & Taxes State Revenue & Budget Download File
Budget Related Publications FY 2019-20 Appropriations Report The Appropriations Report summarizes the final action of the General Assembly and the Governor on the budget and other legislation passed during the previous legislative session that contained an appropriation of moneys. Release date: 2019-06-26 Publishing Agency: Joint Budget Committee Staff Subjects: State Revenue & Budget Download File
Budget Related Publications FY 2019-20 Budget in Brief The Budget in Brief is a condensed summary of the final action of the General Assembly and the Governor on the budget and other legislation passed during the previous legislative session that contained an appropriation of moneys. Release date: 2019-06-26 Publishing Agency: Joint Budget Committee Staff Subjects: State Revenue & Budget Download File
Budget Related Publications Forecast June 2019 Focus Colorado presents forecasts for the economy and state government revenue through FY 2019-20. 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: 2019-06-18 Publishing Agency: Legislative Council Staff Subjects: Fiscal Policy & Taxes State Revenue & Budget
Staff Publications Impact of Final Residential Assessment Rate on Local Share The final Residential Assessment Rate (RAR) Study released by the Division of Property Taxation (DPT) on April10, 2019,estimates anRARof 7.15 percent for property tax years 2019 and 2020. The General Assembly would have to pass a bill for this rate to become law. The anticipated assessed values associated with this study have a significant impact on the local share for school finance. Release date: 2019-04-12 Publishing Agency: Legislative Council Staff Subjects: Education & School Finance (Pre & K-12) Fiscal Policy & Taxes Local Government State Revenue & Budget Download File
Budget Related Publications FY 2019-20 Budget Package and Long Bill Narrative The Long Bill Narrative, which is the annual appropriations act, is prepared by staff to explain funding decisions recommended by the JBC to the rest of the General Assembly. This document is a companion document to the actual Long Bill. The narrative outlines budget changes based on the introduced version of the Long Bill. Release date: 2019-03-25 Publishing Agency: Joint Budget Committee Staff Subjects: State Revenue & Budget Download File
Budget Related Publications Forecast March 2019 Focus Colorado presents forecasts for the economy and state government revenue through FY 2019-20. 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: 2019-03-15 Publishing Agency: Legislative Council Staff Subjects: Fiscal Policy & Taxes State Revenue & Budget Download File
Budget Related Publications Fiscal Strategies for Budget Shortfalls Each year, the General Assembly is tasked with balancing constitutional, statutory, and federal requirements with other legislative considerations, such as competing policy priorities, caseload pressures, and the health of the state’s economy, in order to create a budget. The Colorado Constitution effectively requires that the state maintain a balanced budget, spending only what it has available to it each year in revenue or savings. Release date: 2019-03-07 Publishing Agency: Legislative Council Staff Subjects: State Revenue & Budget Download File
Budget Related Publications CY 2019 for FY 2018-19 Supplemental Narrative The Supplemental Narrative is prepared by the staff to explain proposed adjustments to prior year appropriations recommended by the JBC to the rest of the General Assembly. This narrative describes all of the proposed budget changes statewide, by department, and by program, and provides detailed calculations of the spending and revenue limits. This explanation does not reflect any subsequent changes to the Supplemental Bills as they are amended by the Senate or House of Representatives. Release date: 2019-02-04 Publishing Agency: Joint Budget Committee Staff Subjects: State Revenue & Budget Download File
Final/Annual Reports 2019 State Education Fund Report Pursuant to Section 22-55-104 C.R.S., Legislative Council Staff, in consultation with the State Auditor, the State Treasurer, the Department of Education, the Office of State Planning and Budgeting, and the Joint Budget Committee, is required to conduct a review of the model used to forecast revenue to and expenditures from the State Education Fund and the spending requirements for the Public School Finance Act of 1994 by February 1 of each year. Release date: 2019-02-01 Publishing Agency: Legislative Council Staff Subjects: Education & School Finance (Pre & K-12) State Revenue & Budget Download File
Staff Publications 2019 Tobacco Master Settlement Agreement Payment Forecast Colorado receives annual payments from tobacco manufacturers as part of the Tobacco Master Settlement Agreement (MSA). In April 2018, the state received $177.3 million, including a one‑time payment of $113.3 million pursuant to the Nonparticipating Manufacturers Adjustment Settlement Agreement, a supplementary legal agreement that Colorado signed in 2018. Release date: 2019-01-29 Publishing Agency: Legislative Council Staff Subjects: Liquor, Tobacco, & Marijuana State Revenue & Budget Download File
Summary of Major Legislation Summary of 2019 School Finance Legislation During the 2018 legislative session, the General Assembly considered measures related to public school funding in Colorado. Specifically, the legislature considered bills pertaining to kindergarten through twelfth grade (K-12) school funding, tax credits and deductions, grant programs, school building maintenance funding, higher education funding, and funding for full‑day kindergarten. Release date: 2019-01-10 Publishing Agency: Legislative Council Staff Subjects: Education & School Finance (Pre & K-12) General Assembly State Revenue & Budget Download File