HB 22-1329

HB 22-1329 is a Colorado state budget bill that sets the total operating budget for the fiscal year starting July 1, 2022, at $37.7 billion, covering expenses for the executive, legislative, and judicial branches as well as various agencies and institutions. It also allocates funds for capital construction projects ($491 million) and information technology initiatives ($146 million). The bill has been signed into law after being amended to adjust funding for education, healthcare, higher education, public safety, and other areas. This means that the budget is now officially in place and will guide how Colorado spends its money over the next fiscal year.

Official Summary

For the fiscal year beginning July 1, 2022, provides for the payment of expenses of the executive, legislative, and judicial departments of the state of Colorado, and of its agencies and institutions. The grand total for the operating budget is set at $37,736,904,638. The general funds portion of the appropriation is set at $10,446,821,790; the general fund exempt portion is set at $3,212,346,213; the cash funds portion is set at $9,971,918,141; the reappropriated funds portion is set at $2,356,087,392; and federal funds portion is set at $11,749,731,102. The grand total for the state fiscal year beginning July 1, 2022, for capital construction projects is set at $491,102,435.The capital construction fund portion is set at $5,246,375; the cash funds portion is set at $484,090,730; and the federal funds portion is set at $1,765,330. The grand total for the state fiscal year beginning July 1, 2022, for information technology projects is set at $146,428,435. The capital construction fund portion is set at $109,102,442; the cash funds portion is set at $17,186,989; and the federal funds portion is set at $20,139,004. The 2021 general appropriation act is amended to balance and make adjustments to the total amount appropriated to the departments of education, health care policy and financing, higher education, law, and public safety. The 2021 general appropriation act is amended to balance and make adjustments to the total amount appropriated for capital construction projects. Appropriations were made in several bills during the 2021 legislative session as further amended to extend the appropriation for unexpended amounts to the 2022-23 fiscal year. (Note: This summary applies to this bill as enacted.)

Votes