Budget Update - May 24, 2011

The 2011 Colorado legislative session ended on May 11.  Senate Joint Resolution 11-009, which declares a state fiscal emergency, was approved by both chambers of the General Assembly.  Senate Bill 11-211 will transfer tobacco tax revenues from the Amendment 35 grant programs to other health-related purposes (as allowed by the state constitution during a state fiscal emergency).  This bill was signed by the governor on May 5, 2011.  If you would like further information about these bills, please go to the General Assembly website: http://www.leg.state.co.us/.

Due to the passage of the two bills above, the approximate final dollar amount that will be available to the tobacco grant program for Fiscal Year 2011-12 is $5.2 million.