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Review and Comment Hearing for Initiative #248, 249

Thursday, March 5, 2026·▶ Watch / Listen

Legislative staff walked the proponents of twin citizen initiatives — #248 and #249, both seeking to convert Pinnacol Assurance from a state political subdivision into an independent mutual insurer and steer the proceeds to workforce training — through single-subject and drafting problems in back-to-back review-and-comment hearings, with the sharpest questions landing on a carrier-of-last-resort provision that staff said could not bind a future legislature.

Key Actions

·Initiative #248 — separation of Pinnacol Assurance to fund workforce developmentAction

+ 1 more action

Notable Quotes

so is the goal not to invest any of this funding into institutions of higher ed and the community college system of the state?

Erin Reynolds (Legislative Council Staff) · witnessReynolds pressed the proponents on the practical reach of the training money — whether traditional higher-ed and community colleges would be shut out of the new funding stream.

+ 4 more quotes

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TranscriptPreview
Okay, Testing. Can folks hear us out there? If you're listening, Julia, Katie, can you hear us? Testing, testing. We're in room 109. Hopefully they're sending someone. Oh, great. Katie says she can hear us. My goodness. I'm. Apologies. Third time's the charm. And here we go again. Let's say it all together. Okay, my apologies. And now I'm listening to myself speak. So let's go ahead and mute that. We did so well last time. Sorry about that. Okay, so, apologies for those listening at home. We've had audio difficulties and we are starting over for the third time. For everyone in the room, my apologies. We are calling this meeting to order for the record. This is the review and comment hearing for the proposed initiative measure 2025. 2026, 248 concerning separation of the Pinnacle Assurance from the state to fund workforce development. And following this, we will do 249 concerning the same matter for the record, my name is Erin Reynolds from Legislative Council staff. Could we all go around and introduce ourselves? I'm Jennifer Berman with the Office of Legislative Legal Services. Renee Leone from the Office of Legislative Legal Services. John Matthews, proponent. Larry Blackshear,
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