Date: 04/14/2009
Final
BILL SUMMARY for HB09-1275
SENATE COMMITTEE ON FINANCE
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01:37 PM -- Presentation by the Joint Budget Committee
Senator Tapia Senator Keller, Senator White, Representative Lambert, Representative Pommer, and Representative Ferrandino of the Joint Budget Committee briefed the committee on the FY 2010-11 budget for the Colorado Department of Transportation (CDOT). Senator Tapia discussed cash funds and federal funds that support statewide transportation. Additional information was provided regarding CDOT past budget levels. The budget represents a 6 percent increase, largely due to federal funds appropriated by the American Recovery and Reinvestment Act of 2009 (ARRA).
01:46 PM
Senator Tapia discussed revenue generated by Senate Bill 09-108. To date, revenue collected has fallen short of projections. Senator Tapia also provided background on the deficit report summary provided by CDOT. Further background was provided on transportation infrastructure projects support by the ARRA. Senator Tapia responded to questions from committee members. Senator Spence asked whether budget projections include revenue generated by late registration fees enacted under Senator Bill 09-108.
01:52 PM
Senator Tapia briefed the committee on the FY 2010-11 budget for the Governor's Energy Office. Senator Tapia stated that he had nothing to report on the Public Utilities Commission (PUC) as the Joint Budget Committee has little involvement with the PUC budget. Representative McNulty asked Senator Tapia to discuss a statutory requirement that state agencies move forward with zero-based budgeting. Representative Ferrandino discussed legislation introduced during the 2010 session to amend the statutory requirement.
02:03 PM
Representative McNulty further commented on state government budgeting procedures. Senator Renfroe also discussed state agency budget cuts. Senator Keller discussed budget cuts made to specific agencies. Representative McNulty asked Representative Pommer about changes in total state government personnel. Senator Tapia thanked Representative McFadyen for the opportunity to brief the committee.
02:13 PM
The committee adjourned.