Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Fiscal Note
Memorandum
TO: Senator Chris Kolker
FROM: Anna Gerstle, Principal Fiscal Analyst, anna.gerstle@coleg.gov, 303-866-4375
DATE: February 21, 2025
Fiscal Assessment of L.001 to SB25-153
This memorandum is an assessment of the fiscal impact of the attached proposed amendment
L.001 to SB25-153. 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 is a strike-below amendment that:
● requires the Colorado Department of Education (CDE) to add information to the Chart of
Accounts regarding revenue to public schools from private sources;
● requires local education providers to post school-level information on revenue from private
sources on their websites; and
● clarifies current reporting requirements that allow local education providers to post online
their lowest and highest educator and administrator salaries, if the full salary schedule is not
available.
Fiscal Impact of Amendment
Amendment L.001 increases the cost to implement the bill by an estimated $26,700 in
FY 2025-26 only. CDE will incur costs to modify their data systems to collect school-level data on
revenue from private sources, and incorporate it to the existing financial transparency website.
The work is expected to take about 214 hours, at a cost of $125 per hour.
Legislative Council Staff ∙ 200 E. Colfax Ave, Room 029 ∙ Denver CO 80203
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Bill’s Revised Fiscal Impact with Amendment
With Amendment L.001, SB25-153 increases state expenditures in CDE by $61,947 in FY 2025-26
only, paid from the General Fund. Costs include the $35,247 and 0.3 FTE that are reflected in the
initial fiscal note, and the $26,700 additional data system cost discussed above.
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 (General Fund) $61,947 $0
Transferred Funds $0 $0
Change in TABOR Refunds $0 $0
Change in State FTE 0.3 FTE 0.0 FTE