CO SB168

Governor must reduce state personnel expenditures by $17.8 million (0.24% of 2009-10 general fund appropriations) by March 1, 2010, through measures including eliminating vacant nonessential positions, reducing employee total compensation (prioritizing those earning over $100,000), and reducing nonessential state employees.

Governor must reduce total state expenditures by $306.5 million (4.39% of governor's general fund budget request) for fiscal year 2010-11 by March 15, 2010, through personnel reductions and cuts to nonessential state programs with priority given to personnel cuts.

Judicial branch and legislative agencies must reduce operating expenses by 0.24% for fiscal year 2009-10 and 4.39% for fiscal year 2010-11; per diem payments for general assembly members reduced by same percentages for each fiscal year.

General assembly prohibited from reducing homestead property tax exemption for qualifying senior citizens for property tax years beginning January 1, 2010 or later.

Retail vendors permitted to retain 3.33% of state sales tax revenues collected and remitted beginning March 1, 2010; provisions repealed July 1, 2011.