Bill > HB1071

This bill modifies how money from four specific state funds will be distributed to local governments starting July 1, 2025. The affected funds include the Marijuana Tax Cash Fund, the Public School Capital Construction Assistance Fund, the Peace Officer Training and Support Fund, and the Affordable Housing Financing Fund. Under the new "distribution formula," the total money in each fund will be split into two equal parts: the first 50% will be distributed equally among the state's 64 counties and 2 federally recognized tribal governments, while the second 50% will be distributed proportionally based on the population of those same counties and tribal governments. This approach aims to provide a balanced method of fund allocation that considers both equal representation and population size. The bill includes a safety clause, which is a standard legislative provision asserting the act's urgency and importance to public welfare. By establishing this new distribution method, the bill seeks to create a more equitable approach to sharing state funds across local jurisdictions.

Budget and Finance

https://leg.colorado.gov/bills/hb25-1071