Rich Jones, the Bell's director of policy and research, testified Wednesday in favor of a bill that would keep regulations in place for consumers who use debt-management and debt-settlement services.
The bill, Senate Bill 15-203, involved a sunset review of the Colorado Uniform Debt-Management Services Act.
The continued regulation of these service providers represents an important protection for consumers. Jones said many Colorado families who use them are already financially vulnerable, and regulations help ensure that abuse does not occur.
Rich Jones, the Bell's director of policy and research, on Tuesday testified in favor of a plan to create a Colorado Retirement Security Task Force as an important first step to study ways of helping all of our state's working families build retirement savings.
Senior policy analyst Frank Waterous testified on Tuesday in favor of House Bill 15-1275, which would allow coursework related to apprenticeships and internship programs to be included in Colorado's successful concurrent enrollment programs.
Thursday was a busy day at the capitol for policy analysts from the Bell, with testimony offered on four bills.
Policy analyst George Awuor testified in favor of House Bill 15-1258, which would create the Family and Medical Leave Insurance (FAMLI) Program to provide partial pay for eligible individuals who must leave work to care for a new child or a family member with a serious health condition or who are unable to work themselves because of a serious health condition.
State economists project Colorado's economy will continue to grow over the next two years. However, uncertainty over the future price of oil and the impact that current lower oil prices will have on the state's economy are wild cards affecting the long-term forecast.
Revenues for state government are also expected to grow, prompting economists from the legislature and the governor's office to project that TABOR rebates will begin this fiscal year.
Working families headed by minorities are more than twice as likely to be low income as those headed by whites, according to a report released today. Nationwide, the gap between the percentage of white working families that are low income and the percentage of minority working families that are low income is 25 percentage points.
Policy analyst George Awuor urged lawmakers on Wednesday to endorse a committee that would evaluate state tax expenditures and credits. He noted that exemptions and credits are a normal part of the budgeting process but that they are not consistently reviewed to see if they are effective or working as intended.
Awuor testified before the House Finance Committee in favor of House Bill 15-1205, which would create a Joint Tax Expenditure Evaluation Committee.
Please join us in supporting the Retirement Security Task Force legislation (House Bill 15-1235). For decades, Americans have built their retirement with traditional pensions, Social Security and personal savings, but now more than half of American workers do not have any type of employer-sponsored retirement plan or personal investment plan.
This situation is even more pronounced in Colorado. Consider these facts:
Colorado families continue to feel the stress of financial insecurity. For some Coloradans, the Great Recession appears to be in the rear-view mirror, but many residents are still struggling with the anxiety and instability left behind. Two recent reports shine a light on the dangerously low levels of families' liquid assets across the country.