Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Fiscal Note
Memorandum
TO: Members of the House Education Committee
FROM: John Armstrong, Fiscal Analyst
john.armstrong@coleg.gov, 303-866-6289
DATE: March 6, 2025
Fiscal Assessment of L.006 to HB25-1192
This memorandum is an assessment of the fiscal impact of the attached proposed amendment
L.006 to HB25-1192. This fiscal assessment is for the impact of the bill with inclusion of this
amendment only. Any other added amendment could influence the fiscal impact.
Summary of Proposed Amendment L.006
Amendment L.006 strikes Section 3 of the bill, which required the Department of Education
(CDE) to develop an opt-out form, and allowed any money appropriated to the CDE to pay for
maintenance of a resource bank, stipends, and maintenance of a web-based tool. The
amendment also adds rulemaking requirements for the State Board of Education when
developing standards for individual career and academic plans to include requirements that
students complete a financial aid application.
Fiscal Impact of Amendment L.006
Amendment L.006 reduces the state expenditures in the CDE identified in the fiscal note dated
March 4, 2025, by $164,000 in FY 2025-26 and by $184,000 in FY 2026-27, by eliminating the
need for 1.0 FTE to maintain the resource bank and develop the web-based platform in
consultation with other agencies, as well as counselor stipends estimated at $50,000.
Instead, CDE will have costs estimated at $44,000 for contract rulemaking to be performed by
the State Board of Education to require that students complete a financial aid application.
Cost for the Department of Higher Education (CDHE) remain unchanged.
Legislative Council Staff ∙ 200 E. Colfax Ave, Room 029 ∙ Denver CO 80203
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Bill’s Revised Fiscal Impact with Amendment L.006
The bill increases state expenditures by $86,000 in FY 2025-26 and $42,000 in FY 2026-27 and
ongoing, as shown in Table 1 on the following page. These costs will be incurred by CDE and
CDHE. Costs are paid from the General Fund. The bill also minimally increases workload for
higher education institutions.
Table 1
State Fiscal Impacts with Amendment L.006
Type of Impact
Budget Year
FY 2025-26
Out Year
FY 2026-27
State Revenue $0 $0
State Expenditures $86,247 $42,247
Transferred Funds $0 $0
Change in TABOR Refunds $0 $0
Change in State FTE 0.1 FTE 0.1 FTE
Department of Education
CDE requires a contractor to facilitate State Board of Education rulemaking, estimated at
220 hours at a rate of $200 per hour. These costs are based on previous rulemaking expenses
for the board.
Department of Higher Education
Staff
The CDHE requires 0.1 FTE for a Director of Data Systems to develop the portal with CDE to track
FAFSA and CASFA completion and update the existing financial aid application toolkit. Costs are
prorated to assume a September 2025 start date.
Meeting Costs
CDHE currently provides training for guidance counselors through this year. The fiscal note
assumes that CDHE will continue to conduct trainings with high school guidance counselors
across the state to advise on FAFSA and CASFA completion. The fiscal note assumes four
meetings which will require expenses for staff travel, training materials, and food, based on
current costs. This will result in a total of $30,500 of meeting costs on an annual basis.
Institutions of Higher Education
Financial aid offices at institutions of higher education will update their guidance to prospective
students to conform with the bill’s requirements. This additional workload will be minimal.