Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Fiscal Note
Memorandum
TO: Members of the Senate Health and Human Services Committee
FROM: Shukria Maktabi, Fiscal Analyst, shukria.maktabi@coleg.gov, 303-866-4720
DATE: February 20, 2025
Fiscal Assessment of L.001 to SB25-150
This memorandum is an assessment of the fiscal impact of the attached proposed amendment
L.001 to SB25-150. 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
Amendment L.001 caps the number of youth in foster care that can participate in the pilot
program at 250 youth. It also clarifies program processes and eligible youth.
Fiscal Impact of Amendment
Relative to the fiscal note for the introduced bill, Amendment L.001 decreases the fiscal impact
for CDHS by $100,000 in FY 2025-26 and from $1.7 million to $916,000 in FY 2026-27. These
costs are only incurred if the General Assembly chooses to appropriate funding for the pilot
program.
Foster Youth Awards
The initial fiscal note assumed 668 youth would participate in the program and receive $2,000
annually, with 41 participants graduating and also receiving the additional $1,000 incentive,
totaling $1.4 million annually beginning FY 2026-27.
Amendment L.001 sets program participation at 250 youth. Assuming approximately
16 participants will graduate to receive the $1,000 incentive, the total foster youth award costs
would total $516,000 beginning in FY 2026-27.
Legislative Council Staff ∙ 200 E. Colfax Ave, Room 029 ∙ Denver CO 80203
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Contractor
Because the program will serve fewer participants than initially estimated, contractor costs for
CDHS will decrease. Amendment L.001 lowers contracting costs from $800,000 to $700,000 in
FY 2025-26 and from $300,000 to $200,000 starting in FY 2026-27.
Bill’s Revised Fiscal Impact with Amendment
With Amendment L.001, the bill requires an appropriation of $779,205 in FY 2025-26 and
$8813,044 in FY 2026-27 to the Department of Human Services in order for the pilot program to
be implemented. These costs are shown in the tables below. Implementation of the pilot
program is contingent on available appropriations, which may be made at the discretion of the
General Assembly. The department may also use any available gifts, grants, or donations to
support the program.
Table 1
State Fiscal Impacts with Amendment L.001
Type of Impact
Budget Year
FY 2025-26
Out Year
FY 2026-27
State Revenue $0 $0
State Expenditures $797,024 $832,843
Transferred Funds $0 $0
Change in TABOR Refunds $0 $0
Change in State FTE 0.9 FTE 1.0 FTE
Table 1A
State Expenditures with Amendment L.001
Fund Source
Budget Year
FY 2025-26
Out Year
FY 2026-27
General Fund $779,205 $813,044
Cash Funds $0 $0
Federal Funds $0 $0
Centrally Appropriated $17,819 $19,799
Total Expenditures $797,024 $832,843
Total FTE 0.9 FTE 1.0 FTE