In 1982, voters approved a constitutional measure governing property taxes, including a provision known as the Gallagher Amendment (Gallagher). The impact of Gallagher has varied across different regions of the state. The impact of the COVID-19-related economic crisis on the residential assessment rate (RAR) may be significant in the 2021 reassessment cycle. In January 2021, the division will estimate the RAR for this cycle. The state legislature will then pass a bill during the 2021 legislative session that officially sets the RAR. Local government revenues will be affected in FY2021-22 and FY2022-23.
This memorandum is intended for use by policymakers, legislative drafters, and budget analysts to understand the different funding mechanisms that may be used in legislation. It describes how different funding mechanisms in legislation impact the state budget and how they are shown in fiscal notes. These funding mechanisms include appropriations, transfers, diversions, and warrants on state funds, as well as fee revenue and gifts, grants, or donations. The memorandum concludes with a list of funding mechanisms for which voter approval is required.
This memorandum provides a listing of criminal justice reform bills passed in Colorado over the past several years. More specifically, the attached table provides the bill number, title, and description of the criminal justice reform legislation. Please note that this listing only highlights legislation that is typically considered to be reformative in nature, in that it aims to fix or improve upon perceived errors or current practices in the criminal justice system.
