SB 25-293
Fiscal Note
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
SB 25-293: TRANSFERS FROM LICENSE PLATE CASH FUND
Prime Sponsors:
Sen. Bridges; Kirkmeyer
Rep. Bird; Sirota
Published for: Senate Appropriations
Drafting number: LLS 25-1027
Fiscal Analyst:
Nina Forbes, 303-866-4785
nina.forbes@coleg.gov
Version: Initial Fiscal Note
Date: April 18, 2025
Fiscal note status: The fiscal note reflects the introduced bill, which was recommended by the Joint
Budget Committee.
Summary Information
Overview. The bill transfers monies from the License Plate Cash Fund to the General Fund and the
Colorado DRIVES Vehicle Services Account in the Highway Users Tax Fund.
Types of impacts. The bill is projected to affect the following areas in the current FY 2024-25 only:
State Transfers
Appropriations. No appropriation is required.
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 $0 $0 $0
Transferred Funds $7,200,000 $0 $0
Change in TABOR Refunds $0 $0 $0
Change in State FTE 0.0 FTE 0.0 FTE 0.0 FTE Page 2
April 18, 2025 SB 25-293
Table 1A
State Transfers
Fund Source
Current Year
FY 2024-25
Budget Year
FY 2025-26
Out Year
FY 2026-27
General Fund $3,600,000 $0 $0
Highway Users Tax Fund, DRIVES Account $3,600,000 $0 $0
License Plate Cash Fund -$7,200,000 $0 $0
Net Transfer $0 $0 $0
Summary of Legislation
On June 30, 2025, the bill transfers from the License Plate Cash Fund:
40 percent of the unexpended and unencumbered balance of the fund to the General Fund;
and
40 percent of the unexpended and unencumbered balance of the fund to the Colorado
DRIVES Vehicle Services Account in the Highway Users Tax Fund.
State Transfers
The unexpended and unencumbered year-end balance of the License Plate Cash Fund is
projected to be between $9 million and $10 million. The fiscal note utilizes the low end of this
estimate.
On June 30, 2025, the estimated transfer from the License Plate Cash Fund is $7.2 million, of
which:
$3.6 million is transferred to the General Fund; and
$3.6 million is transferred to the Colorado DRIVES vehicle services account in the Highway
Users Tax Fund.
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.