SB 25-234
Fiscal Note
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
SB 25-234: FY 2024-25 SUPPLEMENTAL APPROPS & STUDENT FIN AID
Prime Sponsors:
Sen. Bridges; Amabile
Rep. Sirota; Taggart
Published for: Senate Appropriations
Drafting number: LLS 25-1001
Fiscal Analyst:
Anna Gerstle, 303-866-4375
anna.gerstle@coleg.gov
Version: Initial Fiscal Note
Date: March 31, 2025
Fiscal note status: This fiscal note reflects the introduced bill, which was recommended by the Joint
Budget Committee as part of the FY 2025-26 Long Bill budget package.
Summary Information
Overview. The bill exempts FY 2024-25 supplemental appropriations for student financial aid from the
annual appropriation requirement for student financial aid.
Types of impacts. The bill is projected to affect the following areas in FY 2024-25 only:
State Expenditures
Appropriations. No appropriation is required. It is assumed that the required reduction in appropriations
will occur in a Long Bill supplemental.
Table 1
State Fiscal Impacts
Type of Impact
Current Year
FY 2024-25
Budget Year
FY 2025-26
Out Year
FY 2026-27
State Revenue $0 $0 $0
State Expenditures (General Fund) -$1,079,942 $0 $0
Transferred Funds $0 $0 $0
Change in TABOR Refunds $0 $0 $0
Change in State FTE 0.0 FTE 0.0 FTE 0.0 FTE
Page 2
March 31, 2025 SB 25-234
Summary of Legislation
Under current law, annual appropriations for student financial assistance must increase by at
least the same percentage as General Fund appropriations to institutions of higher education.
The bill specifies that this requirement does not apply to supplemental appropriations for
student financial aid enacted during the 2025 legislative session for FY 2024-25.
State Expenditures
The bill decreases state financial aid expenditures from the General Fund by $1,079,942 in the
current FY 2024-25, as the supplemental appropriations for student financial aid would have
otherwise resulted in an increase in the required financial aid appropriation for FY 2024-25,
compared to FY 2023-24. Financial aid is appropriated to the Department of Higher Education
and allocated to institutions of higher education, which distribute it to eligible students.
Effective Date
The bill takes effect upon signature of the Governor, or upon becoming law without his
signature.
State Appropriations
For the current FY 2024-25, the bill decreases required General Fund appropriations to the
Department of Higher Education by $1,079,942. It is assumed that this reduction will be made in
a FY 2024-25 Long Bill supplemental, rather than in this bill.
State and Local Government Contacts
Joint Budget Committee Staff Higher Education
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 the General Assembly website.