| Summary |
Section 1 of the bill modifies the amount of per diem a member of
the general assembly is entitled to for expenses incurred during sessions
of the general assembly. Beginning with state fiscal year 2025-26, and for
each state fiscal year thereafter, a member who resides within the Denver
metropolitan area is entitled to an amount equal to 25% of the federal per
diem rate for the city and county of Denver as of October 1 of the
calendar year immediately preceding the fiscal year the rate is used in,
rounded up to the nearest whole dollar, and a member who does not
reside within the Denver metropolitan area is entitled to an amount equal
to 90% of that rate, rounded up to the nearest whole dollar.
Section 2 creates the independent state elected official pay
commission (commission) which shall set compensation for members of
the general assembly, the governor, the lieutenant governor, the attorney
general, the secretary of state, and the state treasurer (state elected
officials). The initial commission will:
•
Be appointed on or before July 31, 2025;
•
Hold its first meeting on or before September 1, 2025; and
•
Submit its report on or before December 15, 2025.
The compensation set by the initial commission, unless rejected or
modified by the general assembly, will go into effect on January 1, 2027.
After a commission submits its report, the commission expires.
After the initial commission, subsequent commissions will meet every 4
years after 2025 so that the effective date of future recommendations is
in alignment with the election cycle of the governor, the lieutenant
governor, the attorney general, the secretary of state, and the state
treasurer. A subsequent commission will:
•
Be appointed on or before July 31 of each year in which the
commission meets;
•
Hold its first meeting on or before September 1 of each
year in which the commission meets; and
•
Submit its report on or before December 15 of each year in
which the commission meets.
The compensation set by commissions subsequent to the initial
commission, unless rejected or modified by the general assembly, will go
into effect on January 1 of the first year of each subsequent 4-year
gubernatorial term.
Additionally, the director of research of the legislative council
must annually adjust the compensation levels set by the commission for
inflation except in the year in which a commission's recommendations
take effect.
Sections 3 and 4 make conforming changes in accordance with the
commission setting compensation for state elected officials beginning on
and after January 1, 2027.
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