SB 25-257

Senate Bill 25-257 modifies how money is transferred from Colorado's general fund to the state highway fund. It reduces planned transfers in 2025 and 2026 but increases them starting in 2029, with an additional transfer in 2032. The bill also cancels some funding for revitalizing main streets. Since it has been signed into law, these changes will now take effect as scheduled, impacting how the state allocates funds for highways and local street revitalization projects.

Official Summary

The act modifies the schedule and amounts of annual transfers from the general fund to the state highway fund as follows: The $100 million transfer to the state highway fund scheduled for July 1, 2025, is reduced to $32.2 million; The $100 million transfer to the state highway fund scheduled for July 1, 2026, is reduced to $50.5 million; The $82.5 million transfers to the state highway fund scheduled for each July 1 from July 1, 2029, through July 1, 2031, are increased to $100 million; A new $64.8 million transfer to the state highway fund is scheduled for July 1, 2032; and The $7 million transfers to the state highway fund for the purpose of providing additional funding for the revitalizing main streets program scheduled for each July 1 from July 1, 2025, through July 1, 2031, are eliminated.(Note: This summary applies to this bill as enacted.)

Related Legislation

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