Page 1
November 20, 2023 HB 23B-1003
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Revised Fiscal Note
(replaces fiscal note dated November 18, 2023)
Drafting Number:
Prime Sponsors:
LLS 23B-0021
Rep. Snyder
Sen. Mullica
Date:
Bill Status:
Fiscal Analyst:
November 20, 2023
Senate Third 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 only.
Appropriation
Summary:
For the current FY 2023-24, the bill requires an appropriation of $74,610 to the
Legislative Department.
Fiscal Note
Status:
The fiscal note reflects the revised bill.
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 General Fund $74,610 - -
Cash Funds $32,500
Centrally Appropriated $14,798 - -
Total Expenditures $121,908 - -
Total FTE 0.9 FTE - -
Transfers - - -
Other Budget Impacts General Fund Reserve $11,192 - -
Page 2
November 20, 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 will support the task force.
The bill outlines the membership of the task force including legislators, the property tax
administrator, representatives of local governments, and other stakeholders. The commission
may create subpanels to assist in developing recommendations. Legislative members receive
compensation and reimbursement of expenses.
The task force must meet twice per month between December 2023 and February 2024, and
report to Legislative Council by March 2024. Following the report, the task force may disband, or
vote to extend itself through December 31, 2024.
State Expenditures
For the current FY 2023-24, The bill increases state expenditures in the Legislative Department
by about $122,000. These costs, which are paid from the General Fund and the Legislative
Department Cash Fund, are shown in Table 2 and detailed below. This estimate assumes that the
commission will disband after the first report. If the task force continues past this date, costs will
be higher than estimated and depend on how frequently and for how much longer they meet.
Table 2
Expenditures Under HB 23B-1003
FY 2023-24
Current Year
FY 2024-25
Budget Year
FY 2025-26
Out Year
Legislative Department
Personal Services $70,627 - -
Operating Expenses $1,152 - -
Legislator Per Diem $1,343 - -
Legislator Travel Costs $1,488 - -
Facilitator Contract $32,500 - -
Centrally Appropriated Costs
1
$14,798 - -
Total Costs $121,908 - -
Total FTE 0.9 FTE - -
1
Centrally appropriated costs are not included in the bill's appropriation.
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. All costs are paid from the Page 3
November 20, 2023 HB 23B-1003
General Fund, except that the contracted facilitator will be paid from the Legislative Department
Cash Fund.
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 four legislators on the task force are eligible for
per diem and travel cost compensation for the three 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.
Costs are based on similar facilitators used for prior task forces, and accounting for the
condensed timeline and the scope of work. This cost will be paid from the Legislative
Department Cash Fund, which is continuously appropriated for use by the Legislative
Department.
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.
State Appropriations
For the current FY 2023-24, the bill requires an appropriation of $74,610 from the General Fund
to the Legislative Department, and 0.9 FTE, as follows:
$2,831 to the General Assembly for legislator per diem and reimbursement;
$63,185 and 0.8 FTE to Legislative Council Staff; and
$8,594 and 0.1 FTE to the Office of Legislative Legal Services.
Currently, the bill includes total appropriations of $80,271 to the Legislative Department. This is
based on the LCS and OLLS appropriations listed above, and an $8,492 appropriation for use by
the General Assembly. Page 4
November 20, 2023 HB 23B-1003
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.