CO SB237

Defines "applicable fiscal year" as the state fiscal year commencing July 1 after the conclusion of the regular legislative session (e.g., 2015-16 for the 2015 session).

Defines "preceding fiscal year" as the state fiscal year immediately before the applicable fiscal year (e.g., 2014-15 for the 2015 session).

Clarifies calculations of "total state appropriation" and "total governing board appropriation" to include only amounts enacted in the annual general appropriations act as initially adopted, excluding supplemental appropriations and out-year costs unless otherwise specified.

Requires total governing board appropriation changes to stay within five percentage points of the total state appropriation percentage change for fiscal years 2015-16 through 2019-20, with the general assembly adjusting appropriations as necessary to comply.

Delays performance funding calculations under section 23-1-108 from 2015-16 to 2016-17 state fiscal year before the commission may recommend performance funding amounts to the joint budget committee.