C748F34EE7FEDA428725850B007468D6 Hearing Summary CLICS/CLICS2020A/commsumm.nsf PUBLICBILL SUMMARY For SB20-029SENATE COMMITTEE ON FINANCEDate Feb 11, 2020 Location Old State Library SB20-029 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/668A702B5A4E...$File/200211 AttachB.pdf?OpenElement 200211 AttachB.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/83B6BFA2CE73...$File/200211 AttachC.pdf?OpenElement 200211 AttachC.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/95D23433CA9C...$File/200211 AttachA.pdf?OpenElement 200211 AttachA.pdf 02:11:34 PM Senators Fields and Moreno introduced Senate Bill 20-029 and distributed amendment L.001 (Attachment A). The bill increases the amount of basic cash assistance for a Colorado Works recipient by 10 percent for FY 2020-21 and then adjusts the amount for inflation in subsequent years. Senator Moreno explained amendment L.001, which decreases the 10 percent increase to 5 percent and requires the Joint Budget Committee to annually review the sustainability of the Colorado Long-term Works Reserve and to make adjustments in the funding source of the cost of living adjustment if the balance of the reserve is less that $34 million. The bill sponsors responded to questions from the committee. 02:27:18 PM Committee discussion ensued on the bill's fiscal impact and the sources of funding to the Colorado Long-term Works Reserve. 02:30:21 PM Gini Pingenot, Colorado Counties Inc., tesified regarding her organization's position on the bill. 02:33:37 PM Greg Romberg, Arapahoe County Commissioners, testified regarding concerns with the bill and the county's position on amendment L.001. 02:36:14 PM Marita Lee Fiddler, representing herself, testified in a neutral capacity. 02:40:35 PM Chrissy Witzburg, Bayaud Enterprises, testified in support of the bill. 02:45:34 PM Norm Davey, Together Colorado, testified in support of the bill and distributed materials in support of the bill to the committee (Attachment B). 02:48:34 PM Katie Creedon, Colorado Children's Campaign, testified in support of the bill. 02:51:30 PM Aditi Ramaswami, Children's Hospital Colorado, testified in support of the bill. 02:54:43 PM Jack Regenbogen, Colorado Center on Law and Poverty, testified in support of the bill and distributed a handout regarding the bill (Attachment C). 02:58:49 PM Isabel Cruz, Center for Work Education and Employment, testified in support of the bill. 03:02:01 PM Judith Rubio, Center for Work Education and Employment, testified in support of the bill. 03:04:40 PM Justina Arroyo, Center for Work Education and Employment, testified in support of the bill. Mr. Regenbogen responded to questions from the committee. 03:13:09 PM Motion Adopt amendment L.001 Moved Lee Seconded Hansen Lundeen Tate Todd Woodward Lee Gonzales YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:13:24 PM Members of the committee commented on amendment L.001. Senators Field and Moreno gave concluding remarks regarding the bill. 03:17:02 PM Members of the committee commented on the bill. 03:19:39 PM Motion Refer Senate Bill 20-029, as amended, to the Committee on Appropriations. Moved Lee Seconded Hansen Yes Lundeen Yes Tate Yes Todd Yes Woodward Yes Lee Yes Gonzales Yes Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS