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April 8, 2016

Corporate Responsibility Measure Introduced in the House
Democrats introduced HB16-1435 on Tuesday, a measure that is the first of  its kind in the nation aimed at making large businesses pay fines for workers making less than $12 per hour that access Medicaid. The fines would be assessed on firms that have 250 or more employees which number close to 800 in the state. To read more about the bill and what others are thinking about it, click here.

Hospital Provider Fee Bills Introduced
The Grand Junction Chamber Governmental Affairs Committee discussed two bills, long anticipated this legislative session dealing with the Hospital Provider fee this week. The Chamber Board had already adopted a position in support of removing the provider fee from the TBOR limit and the Committee voted to support the companion bill that allocates funding if that happens in concept, realizing that amendments are already being prepared to tweak those allocations. Both bills were held over on second reading until Monday, April 11th. They are shown below:
  • HB16-1420, the Hospital Provider Fee (HPF) bill, replaces the Hospital Provider Fee with the Colorado Healthcare Affordability and Sustainability Enterprise within the Department of Health Care Policy and Financing, which will be a TABOR Enterprise.
  • HB16-1421, Allocate Additional FY 2016-17 General Fund Revenues, is a bill that allocates additional revenues should HB16-1420 pass. HB16-1421 directs that if a TABOR refund would have been estimated based on the September 2016 quarterly forecasts, the following transfers will occur:
    o $50 million to the Highway Users Tax Fund (HUTF);
    o $16.2 million to the Severance Tax Trust Fund and the Local Government 
    Severance Tax Fund;
    o $40 million to the Department of Education to reduce the negative factor;
    o $49.5 million to institutions of higher education

Ballot Issues to Increase Transportation Funding 
On March 25th the Colorado Contractors, Associated Builders and Contractors, the Colorado Construction Industry Coalition and Move Colorado pulled ten titles for proposed ballot issues aimed at increasing funding for transportation projects through a Transportation Safety Sales Tax. To learn more about the measures and how the funding would be used, click here.

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