{"id":250,"date":"2025-08-26T22:02:41","date_gmt":"2025-08-26T22:02:41","guid":{"rendered":"https:\/\/www.summitpolitics.com\/?p=250"},"modified":"2025-10-12T22:26:07","modified_gmt":"2025-10-12T22:26:07","slug":"august-2025","status":"publish","type":"post","link":"https:\/\/www.summitpolitics.com\/?p=250","title":{"rendered":"August 2025"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>Aug. 26, 2025, News from Colorado&#8217;s State Capitol<\/em><br><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>SPECIAL SESSION: WRAP UP<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Colorado General Assembly adjourned from&nbsp;the&nbsp;first (<em>and we hope only<\/em>) extraordinary session of 2025 at 3:30 p.m., Tue., Aug. 26.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gov. Polis announced Aug. 6, that he was calling&nbsp;the&nbsp;legislature back for a special session to address&nbsp;the&nbsp;state&#8217;s looming $1 billion shortfall &#8211; a result, at least partially, of&nbsp;the&nbsp;passage of&nbsp;the&nbsp;federal budget (H.R. 1).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/viddlvhbb.cc.rs6.net\/tn.jsp?f=001FCsBm5lA3ILVIxRoCdbMJ01FRqPtyfNwEpsaUAW6NnXs7qk7vKdp_TX6rrDY-lqCfa1Ciwu3l4oVcr3LWsw6rq85w259TRqHD540zatNNR7bsJ4GYPaS8Pf4SRY20Z-sPMNwb_5H64c_8GdvIWABP5WLdoZw7uwS9cLonednCbzit64Xh4QyedbpiYBi30v_GwGW9rIlmVqQtNGpCXDMFacqK8JkqjJhLYdU6T56sc71h7hH7-dwCjVswehQ-6GQ6ud1te-CaNamXuqZCqNpJA==&amp;c=u0EDA_rI_yod-T11GTkfRC0nvo87lw1ZBraJRkR3Nd8FsMNvk1S76g==&amp;ch=7LNSfagZt2Om4TGQp44m3-t6h9FSbaeJQdhYh3MbFGzR9_5sJql7rw==\">his message to legislators<\/a>&nbsp;calling&nbsp;them back to&nbsp;the&nbsp;capitol, Gov. Polis announced&nbsp;the&nbsp;topics to be addressed were limited to&nbsp;the&nbsp;following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Closing state tax loop-holes, and reducing or eliminating some tax credits and deductions<\/li>\n\n\n\n<li>Addressing concerns regarding Medicaid and Planned Parenthood, and\u00a0the\u00a0state&#8217;s reinsurance program<\/li>\n\n\n\n<li>Continued funding for\u00a0the\u00a0state&#8217;s Supplemental Nutritional Assistance Program<\/li>\n\n\n\n<li>Artificial Intelligence<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The federal budget made significant changes to multiple state programs in both how&nbsp;they are administered and how&nbsp;the&nbsp;federal government will match funding for&nbsp;these programs.&nbsp;The&nbsp;result is a roughly $1 billion hole that&nbsp;the&nbsp;state must close.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;plan to address&nbsp;the&nbsp;gap is to reduce state spending by roughly $300 million (including a hiring freeze), eliminate tax loopholes that will allow for an increase in state revenue by $300 million, and use up to $500 million of&nbsp;the&nbsp;state&#8217;s reserve to cover any additional gaps.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Of&nbsp;the&nbsp;34 bills introduced during&nbsp;the&nbsp;special session, a breakdown of&nbsp;the&nbsp;10 bills that passed and are on&nbsp;their way to&nbsp;the&nbsp;governor is below.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The&nbsp;Lead Up<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Leading up to&nbsp;the&nbsp;governor&#8217;s Aug. 6 announcement, Democrat leaders hosted multiple public meetings where&nbsp;they heard from state agencies and other affected NGOs on&nbsp;the&nbsp;impacts of&nbsp;the&nbsp;shortfall on safety-net and other programs around&nbsp;the&nbsp;state.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Republican lawmakers have labeled&nbsp;the&nbsp;governor&#8217;s plan a tax increase on Colorado families. Colorado Democrats launched&nbsp;their &#8220;Big Bill Fallout Tour&#8221; earlier this month that includes a whistle-stop tour of&nbsp;the&nbsp;state to &#8220;make sure Coloradans know exactly who\u2019s responsible for our state\u2019s $1.2 billion budget shortfall: Colorado\u2019s Republican Congressional Delegation.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Next Up<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The governor is scheduled to present his response to&nbsp;the&nbsp;budget shortfall to&nbsp;the&nbsp;Joint Budget Committee at 2 p.m., Thu., Aug. 28, in keeping with&nbsp;the&nbsp;requirements of recently-passed SB 001 from&nbsp;the&nbsp;special session.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We anticipate&nbsp;the&nbsp;governor&#8217;s presentation to&nbsp;the&nbsp;JBC will include a rescission of&nbsp;the&nbsp;1.6% Medicaid provider rate increase as part of&nbsp;the&nbsp;$300 million in reductions necessary to balance&nbsp;the&nbsp;state&#8217;s current year budget. This rescission will net $50 million, leaving approximately $250 million in additional cuts yet to come.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Next month,\u00a0the\u00a0JBC will meet to hear\u00a0the\u00a0state&#8217;s economic forecast at 10 a.m., Mon., Sept. 22.\u00a0The\u00a0governor&#8217;s proposed budget will be released on Nov. 1, with\u00a0the\u00a0JBC beginning its annual hearing process in mid-November.<br><br><strong>Special Session Bill Breakdown<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Six days and 34 introduced bills, here&#8217;s&nbsp;the&nbsp;breakdown of what passed:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>HB 1006 Improve Affordability Private Health Insurance<\/strong>\u00a0permits\u00a0the\u00a0sale of insurance premium and income tax credits, transfers a total of $110 million to\u00a0the\u00a0Health Insurance Affordability Enterprise (HIAE) from tax credit sale proceeds and from\u00a0the\u00a0Refinance Discretionary Account, and requires certain reporting and audit requirements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SB 001 Process to Reduce Spending<\/strong>\u00a0establishes procedures\u00a0the\u00a0Joint Budget Committee to hold hearings with\u00a0the\u00a0Governor\u2019s Office when\u00a0there are not sufficient revenues to carry out state services without negatively affecting\u00a0the\u00a0General Fund reserve.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SB 002 Funding for Certain Entities<\/strong>\u00a0requires HCPF to use state funds to reimburse entities that are prohibited from receiving federal reimbursement from\u00a0the\u00a0Centers for Medicare and Medicaid Services<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SB 003 SNAP Funding\u00a0<\/strong>makes changes to Proposition MM, which was referred to voters at\u00a0the\u00a0Nov. 2025 statewide election by HB 25-1274.\u00a0The\u00a0bill also makes changes to\u00a0the\u00a0conditional allocations of funding for\u00a0the\u00a0Healthy School Meals for All Program under HB 25-1274, and adds funding allocations for\u00a0the\u00a0Supplemental Nutrition Assistance Program.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SB 004 AI Transparency<\/strong>\u00a0delays\u00a0the\u00a0effective date for implementation of Senate Bill 24-205 from February 1, 2026, to June 30, 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SB 005 Reallocate Wolf Reintroduction Funding to Health Insurance Enterprise\u00a0<\/strong>reduces appropriations to\u00a0the\u00a0Department of Natural Resources for gray wolf reintroduction and transfers that amount to\u00a0the\u00a0Health Insurance Affordability Cash Fund.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>HB 1001 Business Income Deduction Add-Back<\/strong>\u00a0permanently extends\u00a0the\u00a0requirement for certain taxpayers to add back\u00a0their federal qualified business income deduction when calculating\u00a0their Colorado taxable income starting with tax year 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>HB 1002 Corporate Income Tax Foreign Jurisdictions<\/strong>\u00a0creates a state corporate taxable income addition for federal foreign-derived eligible income deductions, expands a state subtraction from corporate income, adds countries to\u00a0the\u00a0list of specified foreign jurisdictions presumed to be used for tax avoidance, and allows state discretion to be used in determining foreign tax avoidance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>HB 1003 Insurance Premium Tax Rate for Home Offices<\/strong>\u00a0repeals\u00a0the\u00a0reduced insurance premium tax rate for insurance companies that qualify as having a regional home office in Colorado, beginning in calendar year 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>HB 1004 Sale of Tax Credits\u00a0<\/strong>authorizes\u00a0the\u00a0state treasurer to sell insurance premium tax credits and corporate income tax credits, beginning in FY 2025-26.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>HB 1005 Eliminate State Sales Tax Vendor Fee<\/strong>\u00a0eliminates\u00a0the\u00a0state sales tax vendor fee beginning January 1, 2026, and makes changes to\u00a0the\u00a0allocation of sales tax revenue to\u00a0the\u00a0Highway Development Grant Fund.<br><br><strong>Important Dates<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>August<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>28\u00a0<strong>JBC hears\u00a0the\u00a0governor&#8217;s presentation on\u00a0the\u00a0FY 2025-26 revenue shortfall<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>September<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>16 Water Resources &amp; Agriculture Review Committee<\/li>\n\n\n\n<li>18\u00a0<strong>Board of Pharmacy<\/strong>\u00a0meeting<\/li>\n\n\n\n<li>22\u00a0<strong>JBC Quarterly Revenue Forecast<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>October<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>15\u00a0<strong>Dept. of Regulatory Agencies Sunset\/Sunrise Reports published<\/strong><\/li>\n\n\n\n<li>17 Committee on\u00a0the\u00a0Treatment of Persons with Behavioral Health Disorders in\u00a0the\u00a0Criminal and Juvenile Justice System<\/li>\n\n\n\n<li>21 Legislative Audit Committee, Transportation Legislation Review Committee<\/li>\n\n\n\n<li>29 Water Resources and Agriculture Review Committee<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>November<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1\u00a0<strong>Proposed FY 2026-27 State Budget released<\/strong><\/li>\n\n\n\n<li>14 Legislative Counsel<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Aug. 26, 2025, News from Colorado&#8217;s State Capitol SPECIAL SESSION: WRAP UP The Colorado General Assembly adjourned from&nbsp;the&nbsp;first (and we hope only) extraordinary session of 2025 at 3:30 p.m., Tue., Aug. 26. Gov. Polis announced Aug. 6, that he was calling&nbsp;the&nbsp;legislature back for a special session to address&nbsp;the&nbsp;state&#8217;s looming $1 billion shortfall &#8211; a result, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-250","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Aug. 26, 2025, News from Colorado&#039;s State Capitol SPECIAL SESSION: WRAP UP The Colorado General Assembly adjourned from the first (and we hope only) extraordinary session of 2025 at 3:30 p.m., Tue., Aug. 26. Gov. 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Polis announced Aug. 6, that he was calling the legislature back for a special session to address the state's looming $1 billion shortfall - a result,","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.summitpolitics.com\/#website"},"breadcrumb":{"@id":"https:\/\/www.summitpolitics.com\/?p=250#breadcrumblist"},"author":{"@id":"https:\/\/www.summitpolitics.com\/?author=1#author"},"creator":{"@id":"https:\/\/www.summitpolitics.com\/?author=1#author"},"datePublished":"2025-08-26T22:02:41+00:00","dateModified":"2025-10-12T22:26:07+00:00"},{"@type":"WebSite","@id":"https:\/\/www.summitpolitics.com\/#website","url":"https:\/\/www.summitpolitics.com\/","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.summitpolitics.com\/#organization"}}]},"og:locale":"en_US","og:site_name":"-","og:type":"article","og:title":"August 2025 -","og:description":"Aug. 26, 2025, News from Colorado's State Capitol SPECIAL SESSION: WRAP UP The Colorado General Assembly adjourned from the first (and we hope only) extraordinary session of 2025 at 3:30 p.m., Tue., Aug. 26. Gov. Polis announced Aug. 6, that he was calling the legislature back for a special session to address the state's looming $1 billion shortfall - a result,","og:url":"https:\/\/www.summitpolitics.com\/?p=250","article:published_time":"2025-08-26T22:02:41+00:00","article:modified_time":"2025-10-12T22:26:07+00:00","twitter:card":"summary_large_image","twitter:title":"August 2025 -","twitter:description":"Aug. 26, 2025, News from Colorado's State Capitol SPECIAL SESSION: WRAP UP The Colorado General Assembly adjourned from the first (and we hope only) extraordinary session of 2025 at 3:30 p.m., Tue., Aug. 26. Gov. Polis announced Aug. 6, that he was calling the legislature back for a special session to address the state's looming $1 billion shortfall - a result,"},"aioseo_meta_data":{"post_id":"250","title":null,"description":null,"keywords":null,"keyphrases":{"focus":{"keyphrase":"","score":0,"analysis":{"keyphraseInTitle":{"score":0,"maxScore":9,"error":1}}},"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"BlogPosting","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":{"faqs":[],"keyPoints":[],"titles":[],"descriptions":[],"socialPosts":{"email":[],"linkedin":[],"twitter":[],"facebook":[],"instagram":[]}},"created":"2025-10-12 22:02:42","updated":"2025-10-12 22:45:28","seo_analyzer_scan_date":null,"focus_keyword":null,"additional_keywords":null,"truseo_locale":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.summitpolitics.com\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.summitpolitics.com\/?cat=1\" title=\"Uncategorized\">Uncategorized<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\tAugust 2025\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/www.summitpolitics.com"},{"label":"Uncategorized","link":"https:\/\/www.summitpolitics.com\/?cat=1"},{"label":"August 2025","link":"https:\/\/www.summitpolitics.com\/?p=250"}],"_links":{"self":[{"href":"https:\/\/www.summitpolitics.com\/index.php?rest_route=\/wp\/v2\/posts\/250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.summitpolitics.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.summitpolitics.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.summitpolitics.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.summitpolitics.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=250"}],"version-history":[{"count":2,"href":"https:\/\/www.summitpolitics.com\/index.php?rest_route=\/wp\/v2\/posts\/250\/revisions"}],"predecessor-version":[{"id":261,"href":"https:\/\/www.summitpolitics.com\/index.php?rest_route=\/wp\/v2\/posts\/250\/revisions\/261"}],"wp:attachment":[{"href":"https:\/\/www.summitpolitics.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.summitpolitics.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.summitpolitics.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}