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SB 25-110

Department of Treasury Supplemental

2025 Regular Session Introduced by Judy Amabile and 10 co-sponsors

Senate Bill 25-110 allocates over $400 million to the Colorado Treasury, enhancing services for citizens, supporting state employees, and providing tax relief for seniors and veterans.

Governor Signed
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WeVote Research Nonpartisan
Bill Summary · SB 25-110

Summary of Senate Bill 25-110: Department of Treasury Supplemental

Overview

Senate Bill 25-110, titled "Department of Treasury Supplemental," was introduced on February 3, 2025, and has been signed into law by the Governor as of February 27, 2025. The bill provides supplemental appropriations to the Colorado Department of the Treasury for the fiscal year beginning July 1, 2024.

Purpose and Intent

The primary purpose of SB 25-110 is to allocate additional funding to the Department of the Treasury to support various operational needs and programs. This includes funding for personal services, health benefits, and specific programs such as the Unclaimed Property Program and property tax exemptions.

Key Provisions

The bill includes several appropriations across different categories:

1. Administration

  • Total Appropriation: $9,057,405
  • Personal Services: $4,745,899 (37.5 FTE)
  • Health, Life, and Dental: $648,766
  • Operating Expenses: $2,192,234
  • Legal Services: $122,197
  • Information Technology and Asset Maintenance: $235,606

2. Unclaimed Property Program

  • Total Appropriation: $4,248,622
  • Personal Services: $1,900,442 (24.0 FTE)
  • Operating Expenses: $1,348,180
  • Contract Auditor Services: $800,000

3. Special Purpose Programs

  • Senior Citizen and Disabled Veteran Property Tax Exemption: $175,301,704
  • Household Financial Recovery Program: $200,000
  • Business Personal Property Tax Exemption: $17,768,619
  • Highway Users Tax Fund Payments: $209,464,904 (to counties and municipalities)
  • Direct Distribution for Unfunded Actuarial Accrued PERA Liability: $225,000,000

Impact

The bill impacts various stakeholders, including:
- State Employees: Funding for salaries and benefits.
- Local Governments: Reimbursements for property tax exemptions and highway user tax distributions.
- Citizens: Enhanced services through the Unclaimed Property Program and property tax relief for seniors and disabled veterans.

Procedural Timeline

  • Introduced: February 3, 2025
  • Senate Passed: February 6, 2025
  • House Passed: February 13, 2025
  • Sent to Governor: February 21, 2025
  • Governor Signed: February 27, 2025

Conclusion

Senate Bill 25-110 is a significant legislative measure that ensures the Colorado Department of the Treasury has the necessary funding to operate effectively and provide essential services to the public. The appropriations outlined in this bill will support various programs and initiatives that benefit both state employees and Colorado residents.

Compiled from official sources — confirm details with the bill’s official record.

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