HB 24-1430

HB 24-1430 is a budget bill that allocates $42.9 billion for the fiscal year starting July 1, 2024, to cover expenses for Colorado's government departments and agencies. It includes funding for operating costs, capital construction projects like building new facilities, and information technology initiatives. The bill has been signed into law by the governor and is now effective, meaning that these funds are officially allocated and can be used starting April 29, 2024. This budget impacts all state agencies and departments in Colorado, ensuring they have the necessary resources to operate and carry out their responsibilities for the next fiscal year.

Official Summary

For the fiscal year beginning July 1, 2024, the bill 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 $42,929,675,236. The general funds portion of the appropriation is set at $12,398,541,034; the general fund exempt portion is set at $3,803,423,067; the cash funds portion is set at $11,342,249,687; the reappropriated funds portion is set at $2,878,921,519; and the federal funds portion is set at $12,506,539,929. For the fiscal year beginning July 1, 2024, the grand total for the state fiscal year for capital construction projects is set at $367,677,785. The capital construction fund portion of the appropriation is set at $262,215,419; the cash funds portion is set at $103,554,776; and the federal funds portion is set at $1,907,590. For the fiscal year beginning July 1, 2024, the grand total for information technology projects is set at $158,354,132. The capital construction fund portion of the appropriation is set at $86,836,669; the cash fund portion is set at $14,255,934; and the federal funds portion is set at $57,261,529. The 2021 general appropriation act is amended to balance and make adjustments to the total amount appropriated for capital construction projects and capital construction information technology projects. The 2023 general appropriation act is amended to balance and make adjustments to the total amount appropriated to the department of education; the offices of the governor, lieutenant governor, and state planning and budgeting; and the departments of health care policy and financing, higher education, local affairs, personnel, public health and environment, and public safety. Appropriations were made in several bills during the 2023 legislative session that are further amended to balance and make adjustments and to extend the appropriation of unexpended amounts to the 2024-25 fiscal year. APPROVED by Governor April 29, 2024 EFFECTIVE April 29, 2024(Note: This summary applies to this bill as enacted.)

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