HB 26-1408

HB 26-1408 is a Colorado bill that requires state agencies to submit their base budgets for the upcoming fiscal year by September 1st each year, starting in 2026. This includes all departments and institutions that receive funding from the state budget. The bill also mandates that the Office of State Planning and Budgeting provide detailed information on common policies to various branches of government before they submit their November budget requests. Since it has been signed into law, state agencies will now need to follow these new procedures for preparing and submitting their budgets.

Official Summary

Joint Budget Committee. The bill requires a state agency, defined as any department, commission, council, board, bureau, committee, institution of higher education, agency, or other governmental unit of the executive, legislative, or judicial branch of state government that receives an appropriation or is otherwise included in the annual general appropriation act, to submit a base budget for the upcoming state fiscal year to the joint budget committee and the office of state planning and budgeting (office) on or before September 1 of each year, beginning in 2026. A base budget is defined as the total amount appropriated in the annual general appropriation act and other legislation enacted in the prior state fiscal year plus:Out-year costs or savings from legislation adopted in prior years that were not included in the appropriations for the preceding state fiscal year; and Budget adjustments from prior years that were not included in the appropriations for the preceding state fiscal year.A state agency is required to submit its base budget using a format agreed upon by state agencies and the office, in coordination with joint budget committee staff.     The bill also requires the director of the office, in collaboration with the executive director of the department of personnel, to provide information related to the office's calculations for common policies, as annually submitted in the governor's November 1 budget request, to the departments, institutions, and agencies of the executive, judicial, and legislative branches of state government as soon as practicable prior to the submission of the November 1 budget request.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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