450C4A25C1E6F57B8725864200803CF2 Hearing Summary CLICS/CLICS2020A/commsumm.nsf PUBLICBILL SUMMARY For FINANCIAL UPDATEJOINT COMMITTEE COMMITTEE ON EXECUTIVE COMMITTEE OF THE LEGISLATIVE COUNCILDate Dec 18, 2020 Location Old State Library Financial Update - Committee Discussion Only 04:20:43 PM Lauren Larson, Executive Director of the Office of State Planning and Budgeting, began her portion of the presentation. She provided a breakdown of the COVID-19 federal funds allocated to Colorado, includingTitle V Coronavirus Relief Fund (CRF) allocations and expenditures by department, including $547 million to for K-12 education, $450 million to higher education, $275 million to local governments, and a legislative appropriation. She reviewed the funds allocated to public health-related measures, including a summary of COVID-19 response spending, and spoke about the state emergency reserve funds and continuing need for economic stimulus.