The Joint Budget Committee completed figure setting for DORA and CDOT while wrestling with two high-stakes budget balancing questions: whether the Pinnacle Assurance conversion can realistically yield the governor's projected $400 million, and whether to eliminate the $10.5 million annual general fund transfer to the Multimodal Transportation Options Fund to free up resources for children's health care and other priorities.
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Representative Taggart argued he is receiving 'serious questions about the effectiveness of this board,' that one drug has resulted in 'a significant lawsuit,' and that 'this is something the federal government should be doing as compared to individual state governments.' Senator Mabrey questioned whether the board's limited output justifies spending over $1 million including lawsuit costs. Representative Brown countered that 'there are many powerful interests that would love to see this board go away' and that 'pretty much since the bill has passed, the industry has threatened lawsuits,' attributing slow progress to that litigation threat rather than board failure. Senator Kirkmeyer voted no on the Division of Insurance line item and noted only one upper payment limit has been completed and it is currently in court.
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“I don't think anything's going to be resolved in the next six weeks. I think we are, to the same point we were last year, is that this is not going to be used for balancing the budget in 26, 27, at least not while we're in session. We're not going to have any clue on it, and I don't think we should be counting on it. I don't think we should count on 100 million, 80 million, 400 million, or any other million that somebody's made up.”
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Sign in to subscribeIt's. The Joint Budget Committee will come to order. We are starting the afternoon with figure setting for the Department of regulatory agencies. Ms. Curry. Thank you, Madam Chair. MICHELLE Curry, Joint Budget Committee Staff I will start by saying there's a memo on your desks. This is just to replace. You can use it to replace the first two pages of the figure setting document. I just failed to include a couple of detail tables in the original document. It's been updated online, so the one online has everything there. But this is just the full set of information for the summary of the staff recommendations. So Department of Regulatory Agencies is responsible for consumer protections carried out through all those regulatory programming. The summary of staff recommendations, both the table is identical in both the original one that you received and the replacement pages for this figure setting presentation. We'll go through two requests from the department and then one staff initiated refinance option as we move through. So if it's okay, we can jump in with the first department request, which is page three on your original document. I know it's confusing now. I wanted to be…
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