The property tax administrator is required by law to prepare and publish manuals, appraisal procedures, instructions, and guidelines (property tax materials) concerning the administration of the property tax. Beginning January 1, 2022, section 1 of the bill requires the administrator to conduct a public hearing on a proposed change to the property tax materials prior to submitting the proposed change to the advisory committee to the property tax administrator (advisory committee). The administrator must publish notice of the hearing and mail notice to those people who so request. At the hearing, interested persons may submit information and the administrator is required to consider these submissions. Any interested person may also petition the administrator for the issuance, amendment, or repeal of any property tax material. At least 2 weeks prior to the advisory committee reviewing a proposed change to the property tax materials, section 2 requires the property tax administrator to publish notice about the proposed change. Under current law, an assessor may, with the permission of the board of county commissioners, include an estimate of property taxes owed in a notice of valuation. Section 3 requires an assessor to include this estimate and allows the assessor to include a range of values. If in the consideration of a protest an assessor finds that he or she made a systematic error and the valuations of other similar properties are incorrect, section 4 requires the assessor to correct the error for the other similar properties.Sections 4 through 9 extend all deadlines related to protests of the valuation of real or personal property and for appeals to the county board of equalization to the same day of the following month. The deadline for a county assessor to report the total valuation for assessment of land and improvements within a county is likewise delayed.(Note: This summary applies to this bill as introduced.)
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Under current law, the general fund reserve is equal to 2.86% of the amount appropriated for expenditure from the general fund for the fiscal years 2020-21 and 2021-22 and 7.25% of the amount appropriated for the fiscal year 2022-23 and each fiscal year thereafter. The act increases the percentage used to determine the general fund reserve as follows:13.4% for the fiscal year 2021-22; and 15% for the fiscal year 2022-23 and each fiscal year thereafter.(Note: This summary applies to this bill as enacted.)
For the state fiscal year beginning July 1, 2021, provides for the payment of expenses of the executive, legislative, and judicial departments of the state of Colorado, and of its agencies and institutions, for and during the fiscal year beginning July 1, 2021. The grand total for the operating budget is set at $34,663,861,108 of which $9,390,465,968 is from the general funds portion of the appropriation; $2,541,061,637 is from the general fund exempt portion; $9,556,366,495 is from the cash funds portion; $2,190,040,788 is from the reappropriated funds portion; and $10,985,926,220 is from the federal funds portion.The grand total for the state fiscal year beginning July 1, 2021, for capital construction projects is $301,716,984 of which $217,395,025 is from the capital construction fund portion of the appropriation; $79,429,276 is from the cash funds portion; $1,800,000 is from the reappropriated funds portion; and $3,092,683 is from the federal funds portion.The grand total for the state fiscal year beginning July 1, 2021, for information technology projects is $65,935,383 of which $28,711,790 is from the capital construction fund portion of the appropriation; $29,977,393 is from the cash funds portion; and $7,246,200 is from the federal funds portion.The 2018 capital construction appropriations is amended to balance and make adjustments to the total amount appropriated to the departments of higher education and human services.The 2019 general appropriation is amended to balance and make adjustments to the total amount appropriated to the departments of education, health care policy and financing, and higher education.The 2020 general appropriation is amended to balance and make adjustments to the total amount appropriated to the departments of education, health care policy and financing, higher education, human services, local affairs, military and veterans affairs, public safety and treasury. The 2020 capital construction appropriations are amended to balance and make adjustments to the total amount appropriation to the department of personnel.An appropriation made in the 2019 general appropriation act is amended to correct the name of the cash fund from which money is appropriated for the children's basic health plan medical and dental costs.Appropriations made in House Bill 20-1385, concerning the increased money received due to the federal "Families First Coronavirus Response Act", is amended to reduce the amount appropriated to the department of higher education.An additional appropriation is made to the legislative department for use by the joint budget committee.(Note: This summary applies to this bill as enacted.)
The act extends expenditure or appropriation deadlines from December 30, 2020, to December 31, 2021, for the following programs for which the departments have not yet expended all of their appropriation from the care subfund:Eviction legal assistance; Human services referral services; Low-income energy assistance; Behavioral health services; Immunization operating expenses; and Local public health agencies in rural areas. In some cases, related program repeal deadlines are also extended.The act also extends the exclusion of the care subfund expenditures from the calculation of the general fund reserve and delays a transfer of any unused money from the care subfund to the unemployment compensation fund from December 30, 2020, to December 31, 2021.(Note: This summary applies to this bill as enacted.)
The act repeals the enterprise zone child care contributions income tax credit that was available for income tax years commencing prior to January 1, 1999.(Note: This summary applies to this bill as enacted.)
Joint Budget Committee. The bill requires the department of health care policy and financing, to the extent available and permitted by the federal government and the Colorado constitution, to maximize federal funds for payments for primary care services by aligning payments with the "Colorado Medical Assistance Act".(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
The act requires the state treasurer to transfer $100 million from the general fund to the state education fund on July 1, 2021.(Note: This summary applies to this bill as enacted.)
Since July 1, 2011, money in the educator licensure cash fund (fund), which includes educator license fees, has been continuously appropriated to the state board of education and the department of education (department) for expenses incurred in the administration of the "Colorado Educator Licensing Act of 1991". While the money is continuously appropriated, the department is required to report to legislative committees about its expenditures from the fund and about application processing time. Beginning with the next fiscal year, the general assembly is required to annually appropriate the money, and the reporting requirement is repealed.The act grants the department 3 more years of continuous appropriation authority, and it likewise extends the related reporting requirement.(Note: This summary applies to this bill as enacted.)
The act eliminates certain measures that reduce the adult dental benefit.The act requires the state treasurer to transfer money from the general fund to the unclaimed property trust fund to repay the unclaimed property trust fund for money transferred from it to the general fund in the 2020-21 fiscal year from savings from the reduction of the adult dental benefit in the medical assistance program.The act appropriates $1,522,875 to the department of health care policy and financing, of which $335,723 is from the healthcare affordability and sustainability fee cash fund and $1,187,152 is from the adult dental fund. The department may use the appropriation for medical and long-term care services for medicaid-eligible individuals.(Note: This summary applies to this bill as enacted.)
The act creates the PERA payment cash fund (fund) and appropriates $380 million from the general fund to the fund for the 2020-21 state fiscal year. The state treasurer is required to use the money in the fund for any portion of the $225 million direct distribution payment to PERA that would have otherwise been paid from the general fund on July 1, 2022, subsequent direct distributions that would have otherwise been paid from the general fund, and any of the state's employer contributions or disbursements.(Note: This summary applies to this bill as enacted.)