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SB20-029

Cost Of Living Adjustment For Colorado Works Program

Concerning an annual cost of living adjustment to the amount of basic cash assistance a Colorado works program recipient receives.
Session:
2020 Regular Session
Subject:
Human Services
Bill Summary

For the state fiscal year commencing July 1, 2020, the amount of basic cash assistance a Colorado works program recipient (recipient) receives must equal or exceed 100% of the amount of basic cash assistance in 2019 plus 10%.

Commencing July 1, 2021, the department must annually increase the amount of basic cash assistance a recipient receives by a cost of living adjustment equal to 1.5% or the federal social security administration's cost of living adjustment that year, whichever is greater.

The joint budget committee (JBC) must review the sustainability of the Colorado long-term works reserve to fund the cost of living adjustment, and, if the JBC deems necessary, identify additional sources of funding.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. R. Fields, Sen. D. Moreno
Rep. J. Coleman, Rep. M. Duran

Sponsor

Co-sponsor