Joint Budget Committee. Current law requires the general
assembly to transfer money to the preschool programs cash fund from the general fund or the state education fund in the 2023-24 and 2024-25 fiscal years. Beginning in the 2024-25 fiscal year, the amount transferred is required to increase by the rate of inflation.
The bill repeals those requirements and instead requires the general assembly to appropriate money to the department of early childhood from the general fund for the 2023-24 fiscal year for purposes of the Colorado universal preschool program. Beginning in the 2024-25 fiscal year, and each year thereafter, the amount appropriated must increase annually by the rate of inflation.
