SB 25-257
Fiscal Note
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
SB 25-257: MODIFY GEN FUND TRANSFERS TO STATE HWY FUND
Prime Sponsors:
Sen. Bridges; Kirkmeyer
Rep. Bird; Taggart
Published for: Senate Appropriations
Drafting number: LLS 25-0889
Fiscal Analyst:
Amanda Liddle, 303-866-5834
amanda.liddle@coleg.gov
Version: Initial Fiscal Note
Date: March 31, 2025
Fiscal note status: This fiscal note reflects the introduced bill.
Summary Information
Overview. The bill modifies the schedule and amount of annual transfers from the General Fund to the
State Highway Fund.
Types of impacts. The bill is projected to affect the following areas on a continuous basis:
State Transfers State Expenditures
Appropriations. No appropriation is required as the State Highway Fund is continuously appropriated to
the Department of Transportation.
Table 1
State Fiscal Impacts
Type of Impact
1
Budget Year
FY 2025-26
Out Year
FY 2026-27
Out Years
FY 2027-28
FY 2028-29
Out Years
FY 2029-30
FY 2030-31
FY 2031-32
Out Year
FY 2032-33
State Revenue $0 $0 $0 $0 $0
State Expenditures -$71.0 million -$56.5 million -$7.0 million $10.5 million $61.0 million
Transferred Funds -$71.0 million -$56.5 million -$7.0 million $10.5 million $61.0 million
Change in TABOR Refunds $0 $0 $0 $0 $0
Change in State FTE 0.0 FTE 0.0 FTE 0.0 FTE 0.0 FTE 0.0 FTE
1
Fund sources for these impacts are shown in the tables below. Page 2
March 31, 2025 SB 25-257
Table 1A
State Expenditures
Fund Source
Budget Year
FY 2025-26
Out Year
FY 2026-27
Out Years
FY 2027-28
FY 2028-29
Out Years
FY 2029-30
FY 2030-31
FY 2031-32
Out Year
FY 2032-33
General Fund $0 $0 $0 $0 $0
State Highway Fund -$71.0 million -$56.5 million -$7.0 million $10.5 million $61.0 million
Federal Funds $0 $0 $0 $0 $0
Centrally Appropriated $0 $0 $0 $0 $0
Total Expenditures -$71.0 million -$56.5 million -$7.0 million $10.5 million $61.0 million
Total FTE 0.0 FTE 0.0 FTE 0.0 FTE 0.0 FTE 0.0 FTE
Table 1B
State Transfers
Fund Source
Budget Year
FY 2025-26
Out Year
FY 2026-27
Out Years
FY 2027-28
FY 2028-29
Out Years
FY 2029-30
FY 2030-31
FY 2031-32
Out Year
FY 2032-33
General Fund $71.0 million $56.5 million $7.0 million -$10.5 million -$61.0 million
State Highway Fund -$71.0 million -$56.5 million -$7.0 million $10.5 million $61.0 million
Net Transfer $0 $0 $0 $0 $0
Summary of Legislation
The bill modifies the schedule and amounts of annual transfers from the General Fund to the
State Highway Fund as follows:
the $100.0 million transfer scheduled for July 1, 2025, is reduced to $36.0 million;
the $100.0 million transfer scheduled for July 1, 2026, is reduced to $50.5 million;
the $82.5 million transfers scheduled for each July 1 from July 1, 2029, through July 1, 2031,
are increased to $100.0 million;
a new $61.0 million transfer is scheduled for July 1, 2032; and
the $7.0 million transfers for the purpose of providing additional funding for the revitalizing
main streets program scheduled for each July 1 from July 1, 2025, through July 1, 2031, are
eliminated. Page 3
March 31, 2025 SB 25-257
Background
Revitalizing Main Streets Program
Under current law, $7.0 million is to be transferred from the General Fund to the State Highway
Fund each July 1 from July 1, 2024, through July 1, 2031, for the purpose of providing additional
funding for the Revitalizing Main Streets (RMS) grant program in the Department of
Transportation (CDOT). The grant program funds infrastructure improvements to make walking
and biking easier and safer.
State Transfers
The bill makes modifications to transfers from the General Fund to the State Highway Fund as
described in the summary section above and shown in Table 2 below.
Table 2
Transfers from the General Fund to the State Highway Fund
Item
Budget Year
FY 2025-26
Out Year
FY 2026-27
Out Years
FY 2027-28
FY 2028-29
Out Years
FY 2029-30
FY 2030-31
FY 2031-32
Out Year
FY 2032-33
Current Law Transfers $107.0 million $107.0 million $107.0 million $89.5 million $0
SB 25-257 Transfers $36.0 million $50.5 million $100.0 million $100.0 million $61.0 million
Change in Transfers -$71.0 million -$56.5 million -$7.0 million $10.5 million $61.0 million
Table 2A
Transfers – State Highway Fund for All Purposes
Item
Budget Year
FY 2025-26
Out Year
FY 2026-27
Out Years
FY 2027-28
FY 2028-29
Out Years
FY 2029-30
FY 2030-31
FY 2031-32
Out Year
FY 2032-33
Current Law Transfers $100.0 million $100.0 million $100.0 million $82.5 million $0
SB 25-257 Transfers $36.0 million $50.5 million $100.0 million $100.0 million $61.0 million
Change in Transfers -$64.0 million -$49.5 million $0 $17.5 million $61.0 million Page 4
March 31, 2025 SB 25-257
Table 2B
Transfers – State Highway Fund for Revitalizing Main Streets Program
Item
Budget Year
FY 2025-26
Out Year
FY 2026-27
Out Years
FY 2027-28
FY 2028-29
Out Years
FY 2029-30
FY 2030-31
FY 2031-32
Out Year
FY 2032-33
Current Law Transfers $7.0 million $7.0 million $7.0 million $7.0 million $0
SB 25-257Transfers $0 $0 $0 $0 $0
Change in Transfers -$7.0 million -$7.0 million -$7.0 million -$7.0 million $0
State Expenditures
On net, the bill reduces expenditures from the State Highway Fund by $49 million from
FY 2025-26 through FY 2032-33.
The decreased transfers to the State Highway Fund as discussed in the State Transfers section
result in a corresponding decrease in CDOT expenditures. The State Highway Fund is
continuously appropriated and most funding is dedicated to multi-year projects at the
discretion of the Transportation Commission; therefore, the amount of the change in
expenditures for each fiscal year is not known.
Technical Note
The bill repeals the authorizing statutes for $107 million in transfers from the General Fund to
the State Highway Fund that occurred on July 1, 2024. Because these transfers already occurred,
the fiscal note assumes this is a repeal of obsolete statutes, and that the bill has no impact on
the amount of transfers for the current FY 2024-25.
Effective Date
The bill takes effect upon signature of the Governor, or upon becoming law without his signature.
State and Local Government Contacts
Joint Budget Committee Staff
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.