Colorado Legislative Council Staff
NO FISCAL IMPACT
April 26, 1999
Janis Baron (303-866-3523)
TITLE: CONCERNING STATE FISCAL POLICIES RELATING TO SECTION 20 OF ARTICLE X OF THE STATE CONSTITUTION.
Summary of Assessment
The bill includes the following provisions relative to state fiscal policies relating to Section 20 of Article X of the State Constitution:
• Repeals the requirement on the General Assembly to prescribe the total amount of revenue that may be collected by each agency and department of state government for a given fiscal year.
• Expands the definition of "collections for another government" for purposes of TABOR to include other revenues.
• Provides if a local government district joins the state, the amount of allowable state fiscal year spending is to be adjusted by the fiscal year spending of the local government district.
• Provides for correction of prior year calculation errors of TABOR revenues by the State Controller, subject to review by the State Auditor.
The bill is assessed as having no fiscal impact. If adopted, the bill will result in the following practices/policies:
• The annual Long Bill will no longer include revenue tables — the requirement on the departments relative to cash reserves are statutorily addressed in SB 98-194.
• Expands the restrictive statutory definition of "collections for another government" to mirror what the constitution provides.
• Provides for the treatment of a local government district joining the state because the constitution and statutes are currently silent on this matter.
• Authorizes in statute the historical practice of correcting prior year calculation errors by the State Controller.
The bill is effective 90 days upon adjournment unless a referendum petition is filed and adopted by the voters.
Joint Budget Committee