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E2D01F206D1CE7C88725893D005DF22E Hearing Summary




PUBLIC
BILL SUMMARY For PRESENTATION FROM TREASURY

JOINT COMMITTEE COMMITTEE ON JOINT FINANCE
Date Jan 20, 2023      
Location Old State Library



Presentation from Treasury - Committee Discussion Only
10:06:12 AM  
Dave Young, Colorado
State Treasurer, presented to the committee on the activity of the Department
of Treasury over the last year.  His presentation may be found here:
https://leg.colorado.gov/sites/default/files/images/treasury_smart_act_presentation_1.pdf
10:11:51 AM  
Treasurer Young continued
by discussing the department's performance evaluations by division.
10:12:01 AM  

Treasurer Young responded to questions from the committee about salary adjustments for state employees. He discussed the CLIMBER Program, which was created to promote small business recovery, save jobs, and support the Colorado economy.
10:23:02 AM  
Treasurer Young moved on to a discussion of the Debt Management Division in the department. He indicated that all public debt management in the state has been consolidated within the Department of Treasury. He also spoke about the department's Investment Division and the Secure Savings Program.
10:32:32 AM  
The committee asked questions about the promotion of the Secure Savings Program.
10:40:34 AM  

Treasurer Young turned the discussion to unclaimed property and spoke at length about the unclaimed property process.
10:53:18 AM  
Treasurer Young talked about the department's FY 2023-24 budget requests for the Administration Division, Unclaimed Property Division, cybersecurity, legislative implementation of the Property Tax Deferral Program, and IT accessibility. He also discussed the department's legislative agenda.
11:00:57 AM  
He spoke about equity
diversity, and inclusion (EDI) in the department, along with the department's
remote work policy.
11:02:59 AM  
Members of the committee questioned Treasurer Young about his presentation.