SB 17-266

Senate Bill 17-266, which has been signed into law, reduces the required reserve amount for Colorado's State General Fund from 6.5% to 6% of the total budgeted spending for fiscal year 2016-2017. This change affects how much money must be set aside as a financial cushion for unexpected expenses or economic downturns. Since it has been signed, this bill is now law and impacts state finances by allowing slightly less to be reserved in the general fund.

Official Summary

Joint Budget Committee. For the fiscal year 2016-17, the bill reduces the statutorily required general fund reserve from 6.5% to 6% of the amount appropriated for expenditure from the general fund.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Votes