Colo agencies hoarding $25 million unspent. We’d like a refund, please.

from Colorado Peak Politics

Dec 10, 2024

Nearly a dozen government agencies have $25 million just lying around in bank accounts going unspent and uncommitted to whatever great need was so necessary at the time to collect the money from Coloradans.

That’s according to a new report by the Office of the State Auditor that determined the great amounts of unspent cash went beyond the legal limit of unspent cash those agencies are permitted to just, unspend.

In other words, that money belongs to us and should be refunded, thanks to TABOR.

Colorado Politics reports that excess cash reserves contribute to the state potentially exceeding TABOR limits each year. The state has already exceeded the TABOR cap by $1.4 billion this fiscal year.

Gov. Polis’s office was named amongst the offices hoarding cash, along with agencies inside the Departments of Public Health and Environment, Higher Education, Human Services, Labor and Employment, Agriculture, and Revenue.

We’d like a refund, please.