SB 23-214

Senate Bill 23-214 is a budget bill for the state of Colorado that sets aside $40.5 billion for operating expenses, including funding for education, health care, and other state services, as well as over $471 million for capital construction projects and nearly $124 million for information technology initiatives. This bill was approved by Governor Jared Polis on May 1, 2023, and went into effect immediately on the same day. The budget affects all departments of the state government and various agencies that rely on state funding.

Official Summary

For the fiscal year beginning July 1, 2023, 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 $40,533,777,133. The general funds portion of the appropriation is set at $11,207,009,905; the general fund exempt portion is set at $3,489,095,143; the cash funds portion is set at $10,504,822,476; the reappropriated funds portion is set at $2,603,239,303; and federal funds portion is set at $12,729,610,306. The grand total for the state fiscal year beginning July 1, 2023, for capital construction projects is set at $471,149,105. The capital construction fund portion is set at $256,358,189; the cash funds portion is set at $212,411,819; and the federal funds portion is set at $2,379,097. The grand total for the state fiscal year beginning July 1, 2023, for information technology projects is set at $124,261,834. The capital construction fund portion is set at $64,890,922; the cash funds portion is set at $8,184,071; the reappropriated funds portion is set at $996,386; and the federal funds portion is set at $50,190,455. The 2022 general appropriation act is amended to balance and make adjustments to the total amount appropriated to the judicial department and the departments of corrections, early childhood, education, health care policy and financing, higher education, human services, judicial department, nd public health and environment. Appropriations were made in several bills during the 2022 legislative session as further amended to extend the appropriation for unexpended amounts to the 2023-24 fiscal year. APPROVED by Governor May 1, 2023 EFFECTIVE May 1, 2023 (Note: This summary applies to this bill as enacted.)

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