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HB 1387

Severance Tax Fund Expenditures

2026 Regular Session

HB 1387 modifies Colorado's severance tax fund expenditures from natural resource extraction, affecting state budget allocations across education, infrastructure, and conservation priorities.

Governor Signed
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Bill Summary · HB 1387

Legislative bill overview

HB 1387 addresses how Colorado allocates funds from its severance tax, which is collected on the extraction of natural resources like oil, gas, and minerals. The bill modifies expenditure provisions for these tax revenues, though specific allocation changes are not detailed in the available information provided.

Why is this important

Severance tax revenues fund critical state priorities including education, water infrastructure, and conservation efforts. How these funds are distributed significantly impacts both Colorado's budget sustainability and the communities affected by natural resource extraction, making this allocation decision economically and politically consequential.

Potential points of contention

  • Resource industry concerns: Changes to severance tax fund allocations may affect industry contributions to state coffers or alter revenue predictability for counties dependent on these payments
  • Education and infrastructure funding priorities: Different stakeholder groups likely compete for these limited revenues, creating tension between funding education, water projects, conservation, and other state needs
  • Local versus state control: Disputes may arise over whether funds should be retained by extraction-affected counties or directed to state-level priorities and redistribution

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

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