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CO HB1125
Bill
Status
Failed
2/28/2025
Primary Sponsor
Stephanie Luck
Click for details
AI Summary
- Beginning with the 2027-28 fiscal year, state agencies must submit an "ideal budget" identifying the least critical 10% of spending and any duplicative programs, plus an alternative budget at least 5% below current appropriations
- The Joint Budget Committee must require at least two principal departments annually to submit zero-based budgeting requests that justify every expense, ensuring each department undergoes this review at least once every 10 years
- Budget submissions must be presented to both the Joint Budget Committee and the agency's committee of reference during SMART Government Act hearings
- Principal departments must report all grants received during the preceding fiscal year as part of their SMART Government Act hearing presentations
- Requirements apply to executive, legislative, and judicial branch agencies, excluding certain independent agencies in the judicial department
Legislative Description
State Agency Budget Transparency
State Revenue & Budget
Last Action
House Committee on Appropriations Postpone Indefinitely
2/28/2025
Committee Referrals
Appropriations1/28/2025
Full Bill Text
No bill text available