Search Results

< Back April 13, 2022 HOUSE ADVANCES SCHOOL SAFETY AND STUDENT BEHAVIORAL HEALTH BILLS DENVER, CO – The House today passed two bills on a preliminary vote to boost school safety and improve student access to behavioral health services. “Improving school safety and expanding access to behavioral health services are important for preparing our students for success,” said Rep. Tony Exum, D-Colorado Springs, sponsor of HB22-1243. “Our bipartisan legislation provides public schools with the funding they need to protect school grounds and build safer school environments for students, teachers and staff. In addition, this bill extends the I Matter program, which provides free mental health counseling sessions to Colorado’s youth.” “In order to make our schools safer, we need to continue investing in our student’s behavioral health,” said Rep. Dafna Michaelson Jenet (D-Commerce City), former chair of the 2019 School Safety Interim Committee. “By extending the highly successful I Matter program we started last year, we can reach more youth across Colorado and provide them with free, professional counseling sessions. Taking steps to improve your behavioral health is tough, and I’m extremely proud of the hundreds of young people across 48 different counties who have already taken advantage of the I Matter program.” HB22-1243 , sponsored by Representatives Tony Exum and Kevin Van Winkle, would invest $14 million toward improving the security and safety of public schools and is part of Colorado Democrats’ Public Safety Package. Based on recommendations of the Behavioral Health Transformational Task Force, it puts $2 million in federal funding toward the behavioral health care professional matching grant program and $6 million towards extending the popular I Matter program beyond its scheduled repeal in June 2022. This investment will pave the way to serve youth with free counseling sessions for another two years. The bill also allocates $6 million to the School Security Disbursement Program over two years, which will be reauthorized by HB22-1120. HB22-1120 , sponsored by Representatives Kevin Van Winkle and Patrick Neville, would reauthorize and make updates to the School Security Disbursement Program, which provides grants for schools to install monitoring equipment and security systems at school entrances and exits. Grants can also be used for school emergency response training and student threat assessment training for all school staff. Previous Next

< Back June 9, 2020 COMMITTEE ADVANCES BILL TO STOP CORPORATE TAX HANDOUTS, FUND EDUCATION INSTEAD DENVER, CO — The House Committee on Finance today passed HB20-1420, sponsored by Representatives Emily Sirota and Matt Gray, which would end state tax handouts for corporations and the very wealthy in order to protect funding for K-12 education. The bill preserves economic relief for hardworking Coloradans and small businesses. “Our schools are facing devastating cuts while Washington is forcing Colorado to give away millions in state tax handouts to wealthy corporations and millionaires,” said Rep. Sirota, D-Denver. “It’s time to pick a side. In Colorado, we don’t need tax policy for the wealthy. Let’s make sure our state supports teachers and students, not special interests.” “The pandemic has left our state with a $3.3 billion shortfall as schools struggle to retain teachers and meet the needs of our students,” said Rep. Gray, D-Bloomfield. “This bill will provide a significant boost to hardworking families. It preserves economic relief for those who need it while closing tax loopholes in order to protect funding for K-12 education.” Several provisions in Colorado’s tax code follow federal law and cost the state hundreds of millions a year, but primarily benefit the wealthy. This legislation makes means-tested changes to eliminate state handouts for special interests and the wealthiest individuals while protecting them for hardworking families to avoid devastating cuts to education. CARES Act Loopholes: Eighty-two percent of the benefits from a provision of the CARES Act that allows for the deduction of excess business losses (CARES Act Section 2304) goes to filers with incomes above $1 million. Only three percent of the benefits go to filers with incomes under $100,000. The bill preserves the relief for hardworking Coloradans under that threshold while eliminating it for millionaires. The bill also limits the amount of net operating loss deductions a company can claim in one year to $400,000, preserving the deduction for 98 percent of filers while capping them for the wealthiest businesses. Finally, it rejects a CARES Act hand out of interest expense deductions (CARES Act Section 2306) for corporations larger than $25 million, saving the state $2 million a year. Trump Tax Scam “Pass Through” Loophole: The 2017 federal tax bill, pass-through businesses can take a 20 percent deduction off their qualified business income (QBI), essentially reducing the amount of taxable income. In Colorado, a quarter of the benefit of this tax break goes to households with incomes above $1 million, while households with incomes below $75,000 receive only 11 percent of the benefit. The average millionaire gets nearly a $9,000 break from the state while someone making $30,000 to $40,000 may get $70 or $90. The bill preserves the relief for hardworking Coloradans making under $75,000 while eliminating it for those who don’t need it. Insurance Company Handouts: The bill removes a tax break for insurance companies who maintain an in-state office. Just 85 insurance companies in Colorado get a 50 percent tax break averaging $1 million because of an outdated provision that the State Auditor has found is ineffective at its intended purpose. Capital Gains: Colorado allows a tax break for income on investments in personal property and other capital gains, even if that property isn’t in Colorado. It costs the state $8-$20 million a year, and only 0.2% of all Colorado tax filers get this benefit. The very wealthiest 0.1 percent of Americans—taxpayers with AGI over $2 million—received almost half, or 49 percent, of all capital gains income. Previous Next

< Back February 3, 2022 HOUSING PROTECTIONS FOR VETERANS ADVANCE DENVER, CO – Legislation sponsored by Representatives David Ortiz and Tom Sullivan to establish new housing protections for veterans today passed the State, Civic, Military and Veterans Affairs Committee by a vote of 10-1. “No veteran should ever be denied a place to live because they served our nation,” said Rep. David Ortiz, D-Littleton, “It’s already challenging enough to find an affordable place to live in Colorado, and the last thing someone needs to face is a baseless act of discrimination. With this bill, we’re breaking down barriers by prohibiting discrimination against veterans that has sometimes prevented those who have protected our country from renting or buying a home.” “We make a promise to the men and women who serve our nation, and that means having their backs when they complete their service,” said Rep. Tom Sullivan, D-Centennial. “I’m proud of our work to protect those who have protected us and ensure that no veteran in Colorado is denied a place to live because they put their country first.” Over 400,000 veterans call Colorado home. HB22-1102 prohibits anyone selling or leasing a dwelling from discriminating against an individual based on their veteran or military status. The bill also prohibits someone from refusing to negotiate for housing with a veteran or otherwise denying or withholding housing on the basis of someone’s veterans or military status. The bill would add veteran or military status to Colorado law that currently prohibits housing discrimination because of a person’s disability, race, creed, color, religion, sex, sexual orientation, gender identity, gender expression, marital status, national origin, ancestry or familial status. The bill does not extend protections to those who have been dishonorably discharged. Previous Next

< Back June 29, 2021 GOV SIGNS $50M FOR WORKFORCE PROGRAMS AND CRITICAL EDUCATION BILLS DENVER, CO — Governor Jared Polis today signed legislation to provide a $50 million boost to the Colorado Opportunity Scholarship Initiative to be allocated to institutions of higher education across the state. He also signed important education bills that will set Colorado on the path to creating a more equitable school finance formula, improve diversity in the educator workforce and protect borrowers with private higher education education loans. “As a refugee, I’ve seen first-hand in our communities how we can foster economic opportunity and success by helping workers learn new skills and complete postsecondary education programs,” said Rep. Naquetta Ricks, D-Aurora. “This funding will offer more Coloradans the opportunity to enter or return to higher education initiatives. Colorado’s institutions of higher education and postsecondary degree programs have a critical role to play in our recovery to revitalize our workforce, support businesses looking for workers and help workers thrive. I’m also proud that Governor Polis signed my bill to help improve diversity in Colorado’s educator workforce so that more students have a teacher that reflects their background and experiences.” “With the legislature significantly increasing school funding and boosting resources for schools with more at-risk and underserved students, this has truly been a historic year for school finance in Colorado,” said Rep. Leslie Herod, D-Denver. “Colorado is going to take a thoughtful approach to make our school finance formula more equitable and really dig deep to see how we can better identify underserved students and students living in poverty and provide districts the funding they need to set every Colorado student up for success.” HB21-1330 , sponsored by Representative Julie McCluskie and Naquetta Ricks, uses federal funds to provide a $50 million boost to the Colorado Opportunity Scholarship Initiative to be allocated to institutions of higher education across the state. The funding will increase access to robust pathways for workers to obtain news skills, earn higher wages and be prepared for the in-demand careers of the future. The bill seeks to rebuild and revitalize the state’s workforce by supporting students to complete their postsecondary credentials. The funding boost will be used to reverse the significant decline in enrollment in public higher education institutions, high rates of job loss and continuing unemployment, and the overall disruption to the workforce caused by the COVID-19 pandemic. The bill also provides $1.5 million in grant funding to school districts to increase the number of students who complete Free Application for Federal Student Aid (FAFSA) student aid applications before graduating high school. HB21-1325, sponsored by Representatives Julie McCluskie and Leslie Herod, creates a bipartisan interim committee to recommend changes to the school finance formula. The legislature set aside $90 million in the State Education Fund for the committee to use to implement the changes they recommend. Under the law, the committee shall consider how to modernize the formula to make it more transparent, equitable and student-centered. It must also look at improved methods of identifying students living in poverty and how to appropriately address small, remote and rural district funding. HB21-1010 , sponsored by Representatives Naquetta Ricks and Serena Gonzales-Gutierrez, takes a significant step toward improving Colorado’s educator diversity by creating a workgroup that would research ways to recruit, prepare, and retain educators from diverse backgrounds and make further policy recommendations to the legislature. A diverse educator workforce that reflects the identities of the students they teach can have an important impact on learning. “Colorado students will be better prepared for success by having educators that identify with their personal experiences,” said Rep. Serena Gonzales-Gutierrez. “We know that there aren’t enough people of color teaching in Colorado, and this effort will help our state do better. I’m also excited that borrowers with private student loans will now have enhanced consumer protections that are equal to those for federal student loan borrowers.” “Student loans are crushing far too many Coloradans with burdensome debt and payments that they are struggling to make every month,” said Rep. Matt Gray, D-Broomfield. “Today, we are bringing new consumer protections to the private student loan market in Colorado to help level the playing field, make higher education more attainable and provide new recourse to borrowers harmed by predatory practices.” SB21-057 , sponsored by Representatives Serena Gonzales-Gutierrez and Matt Gray, provides protections – similar to the protections granted for federal loans – to students who take out private loans for postsecondary education. Statewide, Colorado borrowers currently owe $9.1 billion in private student loan debt and that number is growing as the private student loan market grows. High rates of debt accumulation, especially as the cost of college has risen, widens an already large intergenerational debt and wealth gap between families of color and white families. Previous Next

The House today passed legislation to evaluate a comprehensive system that could connect Coloradans with a serious mental illness with behavioral health care resources that lead to long-term recovery. The bill passed by a vote of 59-5. < Back April 13, 2023 House Passes Amabile Bill to Boost Access to Mental Health Resources DENVER, CO - The House today passed legislation to evaluate a comprehensive system that could connect Coloradans with a serious mental illness with behavioral health care resources that lead to long-term recovery. The bill passed by a vote of 59-5. “Many Coloradans with a serious mental illness end up in our hospitals, jails or without a place to live because they lack access to services that keep them housed, healthy, and employed,” said Rep. Judy Amabile, D-Boulder. “We’ve invested over $400 million in the last couple of years to increase access to mental health care and substance use treatment. This bill continues to move us forward by working to establish a comprehensive system to treat mental illnesses, prevent cycling in and out of jails, hospitals, and homelessness, and allow all Coloradans the chance to build a better life for themselves.” HB23-1153 , also sponsored by Representative Ryan Armagost, would conduct a study to determine the state’s ability to establish a system that connects Coloradans with serious mental illness with necessary behavioral health care and housing support services. The study would consider statewide data regarding the number of unhoused people living with a serious mental illness, current capacity for inpatient psychiatric units, financial barriers that prevent Coloradans from seeking treatment, behavioral health care workforce shortages, and other factors. Previous Next

The bipartisan Treatment of Persons with Behavioral Health Disorders in the Criminal and Juvenile Justice Systems Interim Committee today advanced bills to improve health outcomes for Coloradans. < Back October 1, 2024 JOINT RELEASE: Bills to Improve Treatment for People with Behavioral Health Disorders in the Criminal Justice System Advance DENVER, CO – The bipartisan Treatment of Persons with Behavioral Health Disorders in the Criminal and Juvenile Justice Systems Interim Committee today advanced bills to improve health outcomes for Coloradans. This includes bills to streamline juvenile justice services and support for Coloradans with behavioral health care needs in jail and those experiencing a mental health crisis. “Coloradans seeking help deserve well-resourced and widely available care,” said Chair Dafna Michaelson Jenet, D-Commerce City, sponsor of Bills 1, 4, 5. “I’m proud to sponsor legislation that will improve services for Coloradans in the juvenile justice system, provide behavioral health supports for people incarcerated in jails, and ensure Coloradans deemed incompetent by the judicial system have access to the behavioral health resources they need. These are all important ways we can support some of our most vulnerable Coloradans and equip them with the resources they need to heal.” “We know the criminal justice system can only exacerbate mental health crises, and these bills aim to intervene and provide Coloradans with the behavioral health care they need,” said Vice Chair Rep. Judy Amabile, D-Boulder, sponsor of Bill 2. “The bills we advanced today work to streamline behavioral health care services, treatment, and support to those who need it the most, including juveniles and those considered incompetent. Healing and recovery is not possible without proper treatment and these bills work to improve access, build confidence in our justice system, and hopefully improve outcomes for those in our criminal justice systems.” “Too often, Coloradans in the criminal justice system who seek out behavioral health support are woefully underserved,” said Sen. Lisa Cutter, D-Jefferson County, sponsor of Bill 4. “The more we can do to aid in the healing and recovery of folks in the criminal justice system, the better. That’s why I’m sponsoring legislation to bolster behavioral health resources for people incarcerated in jails and ensure they’re getting the support they need, when and where they need it.” “Without the correct treatment, medication and support – the mental and behavioral health of those in the criminal justice system can rapidly decline,” said Rep. Regina English, D-Colorado Springs, sponsor of Bill 1, 4, and 5. “The bills we passed today will help streamline services for our youth in the juvenile justice system, including treatment, rehabilitation and diversion, so they can spend time healing. Another bill we passed would extend behavioral health care services to those considered incompetent by a judge to ensure they’re receiving the treatment they need. This committee is focused on reducing recidivism and bringing the support directly to the people who need it the most, and I believe these bills bring us closer to that reality.” Bill 1 , sponsored by Sen. Michaelson Jenet, Rep. English, and Rep. Mary Bradfield, R-El Paso County, aims to support Colorado youth in the juvenile justice system by streamlining services. Specifically, this bill would improve juvenile justice diversion services, rehabilitation, the competency process and establish presentence credits. Bill 1 would also establish a community grant program to implement a mixed-delivery system of trauma-informed health and development deflection programs for youth. The goal of Bill 1 is to boost community intervention before youth become involved in the juvenile justice system, provide youth with better mental and behavioral health care resources if they are in the juvenile justice system and streamline support services. Bill 4 , sponsored by Rep. English, Rep. Bradfield, and Sens. Michaelson Jenet and Cutter would roll existing grant program funding in the Behavioral Health Administration (BHA) to provide complementary behavioral health services to Coloradans in jail. Bill 4 aims to improve behavioral health outcomes for Coloradans in jail by connecting them with the services, support and treatment they need on-site. Bill 5 , sponsored by Sen. Michaelson Jenet, Rep. English, and Rep. Bradfield would help connect Coloradans in the criminal justice system with the behavioral health care services they need, specifically if they are considered incompetent by a judge. This bill would clarify what courts must consider when setting bail for defendants declared incompetent to proceed. Additionally, under this bill, defendants would receive inpatient services from the Colorado Department of Human Services (CDHS) for additional time after charges are dropped. If criminal charges are dropped against a defendant receiving inpatient services from the CDHS, the bill would allow the defendant to receive inpatient services for an additional 90 days. The committee also advanced two other pieces of legislation, including two more bills to create a crisis subcommittee and update technical language surrounding a ruling of Not Guilty by Reasoning of Insanity . The bills will now go to the Legislative Council for approval before being introduced next session. Once introduced in the 2025 session, interim bills will follow the standard legislative process. Previous Next

Two laws to improve and secure access to housing will go into effect on Jan 1, 2024. HB23-1186 allows Coloradans to participate in eviction proceedings remotely, reducing the number of default evictions of tenants unable to participate in person. HB23-1184 expands property tax exemptions for nonprofit housing developers and helps increase Colorado’s affordable housing stock. < Back December 19, 2023 New Laws to Improve Access to Housing, Support Renters Go Into Effect DENVER, CO – Two laws to improve and secure access to housing will go into effect on Jan 1, 2024. HB23-1186 allows Coloradans to participate in eviction proceedings remotely, reducing the number of default evictions of tenants unable to participate in person. HB23-1184 expands property tax exemptions for nonprofit housing developers and helps increase Colorado’s affordable housing stock. HB23-1186, sponsored by Representatives Mandy Lindsay and Iman Jodeh and Senators Tony Exum and Sonya Jaquez Lewis, allows individuals in residential eviction cases to participate in county court proceedings remotely. “Under this law, Coloradans can attend their eviction hearings remotely, which will drastically reduce the number of no-show, default evictions and keep families housed,” said Rep. Mandy Lindsay, D-Aurora. “Whether it be unreliable transportation, inflexible work schedules, lack of child care, health conditions or something in between, there are many reasons why someone may not be able to attend their eviction proceedings in person. This important law will help vulnerable Coloradans retain their housing.” “Colorado is in the midst of a housing crisis, and it’s critical we do everything we can to alleviate it and keep folks housed,” said Sen. Sonya Jaquez Lewis, D-Longmon t. “There are lots of reasons someone may be forced to miss their eviction proceedings, including lack of transportation or child care or a sudden emergency - but that doesn’t mean they should be evicted. This new law will prevent no-shows, improve accessibility, and keep more Coloradans housed.” “Remote eviction proceedings will improve no-show rates and prevent the displacement of Coloradans who can least afford to lose their homes,” said Rep. Iman Jodeh, D-Aurora . “From lack of reliable child care to work obligations, we know these situational burdens disproportionately fall on low-income Coloradans. Through remote eviction hearings, we’re breaking down barriers to give more Coloradans a fair shot to avoid eviction and the cycles of poverty and economic instability that often follow.” “We’re working hard to make sure more Coloradans can find and stay in homes, and this new law to provide improved protections for folks facing evictions is a big step towards that goal,” said Sen. Tony Exum, Sr., D-Colorado Springs. “Breaking down barriers to participation in eviction proceedings will make it easier for Coloradans to defend themselves and avoid being evicted simply for not being able to attend a hearing.” Under this law, individuals must communicate with the courts 48 hours prior to their hearing if they would like to participate remotely or in-person. HB23-1186 aims to improve accessibility for attending eviction proceedings especially for those living in rural areas, Coloradans with disabilities and those with additional circumstances that make it difficult to take time off work. Data collected from courts in other states shows that by expanding ways to participate in eviction cases reduces “no-show” rates and improves court procedures. HB23-1186 is expected to decrease the number of Coloradans with a no-show default eviction by over 7,800. HB23-1184 , sponsored by Representatives William Lindstedt and Lisa Frizell and Senator Dylan Roberts, expands property tax exemptions to include more nonprofit organizations that build and sell affordable housing and increases the Area Median Income to qualify for this housing from 80% to 100% or 120% for rural resort communities. It also extends the exemption period from five years to ten years to better reflect the development timeline for larger affordable housing projects. The law creates a new property tax exemption for land owned by community land trusts and other nonprofit affordable homeownership providers that develop permanently affordable for-sale homes. This exemption only applies to the land and not the home. “Expensive land costs means it's more difficult for non-profit housing developers to secure land and begin building affordable housing that every community needs,” said Rep. William Lindstedt, D-Broomfield . “Our new law will expand property tax exemptions for non-profit affordable housing developers. Coloradans are counting on us to create more affordable housing options so our teachers, child care providers and health care workers can afford to stay in their communities, and this law is a step in the right direction.” “The cost of land is often the biggest barrier that keeps affordable housing projects from getting done, especially for nonprofit homebuilders who build housing for our state's workforce,” said Senator Dylan Roberts, D-Frisco . “This new law represents a huge step forward for nonprofit homebuilders and will make it easier for nonprofit developers to do what they do best: build more housing for working Coloradans so that families can afford to live in the communities they call home. Previous Next

< Back March 10, 2020 NICOTINE FLAVOR RESTRICTIONS PASS HOUSE COMMITTEE Legislation would only permit the sale of flavored nicotine products in retailers that restrict entry to those 21 years and older DENVER, CO– The House Committee on Health and Insurance today passed legislation sponsored by Representative Yadira Caraveo and Speaker KC Becker that would restrict the sale of flavored tobacco products to stores that only allow customers who are 21 years of age or older to enter. The vote was 7-3. “Flavored nicotine products are developed and targeted to our youth to get them addicted for life to dangerous chemicals,” said Rep. Caraveo, D-Thornton. “As a pediatrician, I’ve seen first hand how these products are harming our children and leading to long-term health conditions. Youth vaping is a public health crisis, and we need to use all the data-driven tools we have to keep these products out of our schools, classrooms and the hands of our youth.” “It sickens me when I hear my son come home from school and describe the vaping products he sees on the floor of his classroom at school and in the hands of his classmates,” said Speaker Becker, D-Boulder. “We need common sense restrictions on the sale of flavored nicotine products so that fewer Colorado children are introduced to these sleek vaping devices that are marketed towards children. We shouldn’t stand by while a predatory industry profits off the addiction of our kids to their harmful products.” HB20-1319 would ban the sale of flavored nicotine products in any store that allows entry to consumers under the age of 21. The prohibition includes flavor enhancers and any product that a responsible person would conclude has a flavor that doesn’t taste like tobacco. Violations of would incur an initial $250 fine, increasing to higher amounts with each additional violation. Flavored nicotine products are targeted at our youth. Nicotine product manufacturers know that if they can addict a young person to their products, then they will have life-time customers. By restricting access to flavored nicotine products, the state can help prevent more young people from becoming addicted to these dangerous chemicals. Previous Next

< Back July 16, 2020 BECKER, GARNETT: MASK UP, COLORADO! House Dem leadership supports Governor Polis’s executive order on masks Denver, CO — House Speaker KC Becker, D-Boulder, and House Majority Leader Alec Garnett, D-Denver, today released the following statements encouraging Coloradans to wear a mask following Governor Jared Polis’s announcement of a statewide order on face coverings and recent trends in hospitalization and infection rates. “Getting through this pandemic is a team effort,” said Speaker KC Becker, D-Boulder. “Wearing a mask is a tool to help us return to a more normal life, keep businesses open and avoid the devastating impacts that would come from having to close down again. Our economy, our health, and so much of what we love and enjoy about our state depends on us coming together and taking this step. I support the governor for his actions today to save lives.” “Whenever we’re around other people, we need to wear a mask–it’s just that simple,” said House Majority Leader Alec Garnett, D-Denver. “To stay on the right track and recover from this pandemic, we need to be smart and put on our masks. It helps our small businesses stay open, protects riders on public transit, and reduces your risk of contracting COVID-19 by 65 percent. This order is the right decision for Colorado, and I’m grateful for the leadership of so many counties, local officials and Governor Polis to encourage Coloradans to do their part. Mask up, Colorado!” Previous Next

< Back May 20, 2019 BILL SIGNED TO HELP COLORADANS SAVE FOR RETIREMENT (May 20) – Gov. Polis signed the Colorado Secure Savings Plan Board, a bill sponsored by Rep. Tracy Kraft-Tharp and Rep. Chris Hansen, to allow the state of Colorado to study different options to increase the ability of Colorado workers to save more for their retirement. Almost half of private-sector workers do not have access to a workplace retirement plan. “Our country is in a retirement crisis. We need a plan to ensure workers can save and retire with dignity and security,” said Rep. Kraft-Tharp, D-Arvada. “This new law will ensure the state studies four models including a no-action plan to see what is the best way to help Coloradans who don’t have access to a workplace retirement savings plan save a little at a time throughout their life for a secure retirement.” Rep. Kraft-Tharp is chair of the House Business Affairs & Labor committee. The “Colorado Secure Savings Plan Board,” SB19-173, creates a board of trustees that would study various options for a public-private partnership that would offer a low-fee plan, similar to Individual Retirement Accounts, to employees without access to workplace plans. Upon conclusion of the study, the board would then send the legislature its recommendations for final approval. Previous Next

Data challenges add to uncertainty driven by erratic federal policies < Back December 19, 2025 Colorado Budget Squeezed by Federal Tariffs and H.R.1, Economy Facing Headwinds DENVER, CO – Today, Democratic members of the Joint Budget Committee released statements after the Legislative Council Staff (LCS) and the Office of State Planning and Budgeting (OSPB) delivered the December quarterly economic forecasts. “Today’s forecasts highlight the damage caused by Trump’s chaotic economic policies that have raised prices for Coloradans,” said JBC Chair Emily Sirota, D-Denver . “Consumer growth is being driven by the top 20-percent earners, while low income earners struggle to make ends meet and dig into their savings. While our legislative efforts have successfully reduced housing costs in Colorado, cuts to federal clean energy tax credits and rising tariffs are leading to higher bills. This will be a very challenging budget year, made even more difficult by the federal GOP budget and decisions in Washington. We will protect funding for our schools and core services and seek responsible solutions to address the shortfall.” “We pulled a rabbit out of the hat with last year’s budget, cutting a billion dollars with minimal impact on the people of Colorado,” said JBC Vice Chair Jeff Bridges, D-Arapahoe County. “This year, we're all out of rabbits. Despite a growing economy, we'll have to cut another billion dollars from Colorado's budget because of TABOR's rationing cap, a financial relic of the 90s. We have a resilient state that can weather Washington's shutdowns and tariffs, but TABOR means cuts people will feel in their communities, clinics, and classrooms." “Working people are facing headwinds from Trump’s tariffs and Congress’s failure to extend health care tax credits,” said JBC Member Kyle Brown, D-Louisville. “Our efforts during the special session set Colorado on the right trajectory, but only Congress can stop skyrocketing health care premiums. This forecast also reaffirms that Medicaid costs are rising unsustainably and far faster than the state’s revenue caps under TABOR, and H.R 1 will only make it worse. With session around the corner, we know that painful budget decisions are ahead. Colorado Democrats have governed responsibly through difficult economic times before, and I know the JBC will meet the moment once again and responsibly balance our budget.” “Every year we face difficult decisions about what we can and cannot fund – and these decisions keep getting harder,” said JBC Member Judy Amabile, D-Boulder . “Restraints caused by TABOR coupled with the chaos from the Trump Administration’s tariffs and reckless budget bill have squeezed our state budget even more than we initially anticipated, and Coloradans are feeling it. Faced with yet another budget deficit this year, we will do everything we can to protect essential funding for education, health care, and public safety.” The 43-day federal government shutdown in October and November disrupted the economic and inflation data collection, making some data unavailable or less reliable than normal. The data challenges combined with potential federal policy changes has led to uncertainty in the forecasts. The Legislative Council Staff (LCS) forecast anticipates General Fund revenues to be $16.9 billion in FY 2025-2026 – a $304 million decrease for FY 2025-2026 as compared with the September revenue forecast. The Office of State Planning and Budgeting (OSPB) anticipates that General Fund revenue will be $17.0 billion for FY 2025-2026 – an $87 million decrease for FY 2025-2026 as compared with the September revenue forecast. By the LCS forecast, Colorado’s revenue is now below the TABOR cap by $465 million for FY2025-2026. For the upcoming year (FY 2026-27), LCS forecasts General Fund revenue growing to $18.3 billion, above the TABOR cap by $501 million. Democrats’ housing policies have led to rent prices stabilizing in key markets. According to OSPB, an influx of multifamily apartment units in late 2024 led to decreased rent prices. In Colorado, inflation ticked down below the national average at 2.2 percent in the Denver area, compared to 2.7 percent nationally. Unemployment also decreased below the national average of 4.6 percent to 4.1 percent in Colorado. While the economy is expanding, it is showing signs of slowing and recession risk remains high at 50 percent. Wage growth for low-income workers is lagging, real U.S. household savings are declining, and consumers are relying more on credit card debt. Economic policies spearheaded by the Trump Administration, including tariffs, continue to raise prices for consumers. Tariffs are expected to slow economic activity by weakening consumer demand and limiting business development, which will result in lower spending, falling business profits, and slower wage growth. Medicaid costs, driven by increasing caseload, health care costs, and Colorado’s aging population, continue to rise faster than what Colorado’s budget is allowed to grow by under TABOR. Medicaid is the fastest-growing part of the state budget, and the latest forecast indicates an increase of $631 million in the next year if no action is taken to reduce costs. Legislation passed during August’s special session helped blunt some of the rising health care costs caused by H.R. 1. However, if Congress does not extend the Affordable Care Act (ACA) subsidies by the end of the year, upwards of 75,000 Coloradans could lose their health insurance. Due to the corporate tax cuts in H.R.1, the Family Affordability Tax Credit (FATC), which boosts the incomes of hardworking families, will be fully turned off for Tax Year 2026, but LCS anticipates it will partially return in Tax Year 2027. Previous Next

< Back August 9, 2024 McCluskie Attends Ribbon Cutting for New Workforce Housing in Buena Vista BUENA VISTA, CO – Speaker Julie McCluskie today joined Governor Jared Polis and local leaders at a ribbon cutting ceremony for new workforce housing units in Buena Vista that will support Department of Corrections Employees. “I’m excited to see these new housing options come online for Department of Corrections employees in Buena Vista,” said Speaker Julie McCluskie. “Too many corrections officers and DOC employees have struggled to find a place to live where they can afford, and many have been commuting long distances. This will go a long way toward recruiting and retaining our crucial DOC workforce in Buena Vista and ensuring a higher quality of life for those that live and work here. I want to especially thank Colorado WINS for their work advocating for state employees.” Previous Next