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H_FIN_2018A 01/26/2018 08:34:38 AM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
JOINT COMMITTEE COMMITTEE ON JOINT FINANCE
Date 01/26/2018
Attendance
Beckman *
Benavidez X
Court X
Covarrubias E
Foote X
Gray X
Herod X
Jahn X
Kennedy X
Lawrence *
Michaelson Jenet E
Sandridge X
Smallwood X
Tate X
Thurlow *
Van Winkle X
Neville T. X
Pabon X
Time 08:34:38 AM to 09:06:07 AM
Place RM 271
This Meeting was called to order by Pabon
This Report was prepared by Matt Becker
Hearing Items Action Taken
Joint Rule 25 Hearing with the Joint Budget Committee Committee Discussion Only

Joint Rule 25 Hearing with the Joint Budget Committee - Committee Discussion Only


08:35:12 AM  
Representative Hamner, Chair, Joint Budget Committee, introduced herself and other members of the JBC, including Senator Lundberg, Senator Moreno, Representative Rankin, and Representative Young.
08:37:59 AM  
Senator Lundberg and Representative Hamner discussed the FY 2018-19 budget requests from the Office of the Governor.
08:40:11 AM  
Senator Lundberg discussed the FY 2018-19 budget requests from the Departments of Revenue and Treasury.
08:40:33 AM  
Senator Lundberg discussed the Unclaimed Property Trust Fund.
08:42:50 AM  
Representative Hamner discussed potential legislation related to increasing the statutory General Fund reserve.
08:45:52 AM  

Senator Lundberg responded to a committee question regarding how changing the General Fund reserve could affect the state's credit rating.

08:50:18 AM  
Senator Lundberg responded to a committee question regarding the state's TABOR reserve.
08:52:03 AM  
Representative Hamner provided additional comments about the TABOR reserve.
08:53:31 AM  
Representative Rankin responded to a committee question regarding how the JBC prioritizes budget requests across various state agencies.
08:55:39 AM  
Representative Young provided additional comments about recent reductions in federal funds for certain programs.
08:58:44 AM  
Senator Lundberg provided additional comments about the federal debt.
08:59:51 AM  
Representative Rankin responded to a committee question regarding the State Water Plan.
09:02:00 AM  
Discussion ensued on budget reductions contemplated under Senate Bill 17-267 and other funding dedicated to transportation.
09:03:07 AM  
Representative Hamner provided additional comments about the state's General Fund expenditures.


09:06:07 AM   Committee Adjourned






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