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.)

Read More

Statutes affected:
Preamended PA1 (02/12/2020): 26-2-709
Preamended PA2 (03/13/2020): 26-2-709
Introduced (01/08/2020): 26-2-709, 26-2-721