The budget cuts K … Email: treasurer.young@state.co.us Great Colorado Payback - Colorado's Unclaimed Property Program Lawmakers approved a budget for the fiscal year that begins July 1 that cut $3.3 billion from the $13 billion general fund. The state is expected to double the annual amount it withholds from schools to pay for other budget priorities to almost $1.2 billion. Once reviewed with the requesting department, and if approved, OIT forwards these requests to OSPB for consideration. Denver, CO 80204 303-757-9208 See our contact page. The Board of Governors of the Colorado State University System today voted to approved budget and tuition proposals from the system’s campuses – CSU, CSU-Pueblo and the CSU-Global Campus – for the fiscal year beginning July 1. The Board approved the proposed budgets for all CSU campuses, pending completion of the State’s budget through the Colorado General Assembly’s Long Bill. Office of the Treasurer. That legal maneuver will divert about 14% of the education budget. The State of Colorado transitioned to a new financial system. The 2021 budget approved in December by the Mancos Board of Trustees is largely similar to previous year’s budget because of a hesitancy to invest in improvement projects without knowing the full financial impact of the coronavirus pandemic. Dave Young. For example, planning for the fiscal year 2019-20 budget … For 2020-21, Colorado schools face 5% across-the-board cuts to per-pupil funding and reduced grant-funded programs. Colorado voted to pass Proposition 116, which cuts the state income tax rate from 4.63% to 4.55% and will reduce the state’s revenue by millions in the midst of a recession. The budget process involves planning and implementation across three fiscal years. Phone: (303) 866-2441. Price Agreements will continue to be available here until another communication method is available. Denver, CO 80203-1722. K-12 education would take a nearly 10% hit and higher education would lose more than a quarter of its state support under the budget that passed the Colorado House on Wednesday. The Colorado State University System Board of Governors met virtually Friday morning for the June board retreat and meeting, where they unanimously approved the budget … State Capitol, Suite 140. But that's not much of an issue for now, according to Joint Budget Committee Chair Rep. Daneya Esgar, a Pueblo Democrat. Most Solicitations are being posted on ColoradoVSS.For a complete listing of where Solicitations are being posted, visit the State Purchasing & Contracts Office website. As sent over by the House, the budget is out of balance. 200 East Colfax Avenue. The Colorado House, on a 41-23 party-line vote, approved the 2020-21 state budget and sent it on to its next stop, the state Senate. Contact Us Office of Financial Management & Budget 2829 W. Howard Pl. 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