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November 17, 2023 HB 23B-1003
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Revised Fiscal Note
(replaces fiscal note also dated November 17, 2023)
Drafting Number:
Prime Sponsors:
LLS 23B-0021
Rep. Snyder
Sen. Mullica
Date:
Bill Status:
Fiscal Analyst:
November 17, 2023
House Second Reading
Kristine McLaughlin | 303-866-4776
kristine.mclaughlin@coleg.gov
Bill Topic: PROPERTY TAX TASK FORCE
Summary of
Fiscal Impact:
☐ State Revenue
☒ State Expenditure
☐ State Transfer
☐ TABOR Refund
☒ Local Government
☐ Statutory Public Entity
The bill creates a legislative commission on property tax to consider causes of rising
property taxes and potential solutions. The bill increases state expenditures in
FY 2023-24.
Appropriation
Summary:
No appropriation is required. The Legislative Department Cash Fund is continuously
appropriated to the Legislative Department.
Fiscal Note
Status:
The fiscal note reflects the introduced bill, as amended by the House Appropriations
Committee.
Table 1
State Fiscal Impacts Under HB 23B-1003
Current Year
FY 2023-24
Budget Year
FY 2024-25
Out Year
FY 2025-26
Revenue
- - -
Expenditures Cash Funds $112,771 - -
Centrally Appropriated $14,933 - -
Total Expenditures $127,704 - -
Total FTE 0.9 FTE - -
Transfers - - -
Other Budget Impacts - - -
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November 17, 2023 HB 23B-1003
Summary of Legislation
The bill creates the Commission on Property Tax to identify the causes of increasing property
taxes, review best practices for short- and long-term property tax relief, and make
recommendations. The Legislative Council Staff, the Office of Legislative Legal Services, and a
contracted facilitator must assist the task force.
The bill outlines the membership of the task force including legislators, the property tax
administrator, and a variety of representatives of local governments. The commission may call
subpanels to assist in forming recommendations. Legislative members receive compensation
and reimbursement of expenses.
The task force must meet every week between November 27, 2023, and March 1, 2024, and
report to Legislative Council by March 1, 2024. Following the report, the task force may disband,
or extend through December 31, 2024.
State Expenditures
For the current FY 2023-24, The bill increases state expenditures in the Legislative Department
by $127,704. Expenditures are from the Legislative Department Cash Fund. Expenditures are
shown in Table 2 and detailed below. This estimate assumes that the commission will disband
after the first report on March 1, 2024. If the task force chooses to continue past this date
through December 31, 2024, costs will depend on how frequently they meet.
Table 2
Expenditures Under HB 23B-1003
FY 2023-24
current year
FY 2024-25 FY 2025-26
Legislative Department
Personal Services $70,627 - -
Operating Expenses $1,152 - -
Legislator Per Diem $4,028 - -
Legislator Travel Costs $4,464 - -
Facilitator Contract $32,500 - -
Centrally Appropriated Costs
1
$14,933 - -
Total $127,704 $0 $0
Total FTE 0.9 FTE - -
1
Centrally appropriated costs are not included in the bill's appropriation.
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November 17, 2023 HB 23B-1003
Legislative Department. The Legislative Council Staff (LCS) and the Office of Legislative Legal
Services (OLLS) will require staff to support the task force and the General Assembly will incur
additional costs to facilitate meetings and reimburse members.
Staff. LCS requires temporary 0.8 FTE, including 0.6 FTE for a research analyst and 0.2 FTE for
an economist to support the task force. Duties include logistical support, research,
presentations, and analysis of property tax relief proposals. OLLS requires temporary 0.1 FTE
for an attorney to support the committee. Standard operating expenses are included.
Legislator per diem and travel costs. The six legislators on the task force are eligible for
per diem and travel cost compensation for the six meetings that will occur outside of the
legislative session. Costs are based on standard per diem and interim committee travel
reimbursements.
Facilitator Contract. LCS will contract with the facilitator appointed by the commission. The
is estimated to cost $2,500 per meeting.
Department of Local Affairs. The Division of Property Taxation in the Department of Local
Affairs will have increased workload for the property tax administrator to serve on the task force.
No change in appropriations is required.
Centrally appropriated costs. Pursuant to a Joint Budget Committee policy, certain costs
associated with this bill are addressed through the annual budget process and centrally
appropriated in the Long Bill or supplemental appropriations bills, rather than in this bill. These
costs, which include employee insurance and supplemental employee retirement payments, are
shown in Table 2.
Local Government
The bill increase workload and costs for the local governments that have representatives serving
on the task force or the subpanels, including representatives from municipalities, special
districts, county assessors, school boards, and county commissioners.
Effective Date
The bill takes effect upon signature of the Governor, or upon becoming law without his
signature.
State and Local Government Contacts
Counties Legislative Council Staff Legislative Legal Services
Local Affairs
The revenue and expenditure impacts in this fiscal note represent changes from current law under the bill for each
fiscal year. For additional information about fiscal notes, please visit: leg.colorado.gov/fiscalnotes.