Colorado HB1408 establishes processes for determining state budget requests for the upcoming fiscal year.

Colorado HB1408 mandates that state agencies submit their base budget for the upcoming fiscal year to the Joint Budget Committee and the Office of State Planning and Budgeting by September 1, starting in 2026. The base budget includes the total amount appropriated in the prior fiscal year plus out-year costs or savings from prior legislation and budget adjustments from prior years. The Office of State Planning and Budgeting must submit a consolidated base budget and budget request amendments from each agency.

Colorado HB1408 establishes processes for determining state budget requests for the upcoming fiscal year.

Colorado HB1408 mandates that state agencies submit their base budget for the upcoming fiscal year to the Joint Budget Committee and the Office of State Planning and Budgeting by September 1, starting in 2026. The base budget includes the total amount appropriated in the prior fiscal year plus out-year costs or savings from prior legislation and budget adjustments from prior years. The Office of State Planning and Budgeting must submit a consolidated base budget and budget request amendments from each agency.