Works Program Reserves & Cost of Living Adjustment
What changed between versions
Extended the 60-month lifetime maximum participation limit for households demonstrating good cause, specifically adding single-parent households with children under one year old and child-only cases.
Removed mandatory minimum balance requirements for the Colorado long-term works reserve and the total statewide county TANF reserve, eliminating the state's obligation to backfill these funds if they fall below specific thresholds.
Suspended the cost-of-living adjustment for basic cash assistance grants for the state fiscal years commencing July 1, 2026, and July 1, 2027, with the suspension ending effective July 31, 2028.
Required the works allocation committee to review reserve balances quarterly and submit written reports to the joint budget committee regarding reserve levels and deficit projections.
Mandated the creation of a mitigation fund to assist counties whose TANF reserves fall below fifteen percent of their county block grant amount.