{"id":9,"date":"2026-05-07T15:38:33","date_gmt":"2026-05-07T15:38:33","guid":{"rendered":"https:\/\/coloradospringsmoverss.com\/?p=9"},"modified":"2026-05-07T15:38:33","modified_gmt":"2026-05-07T15:38:33","slug":"state-investment-bill-backed-by-secret-memo-dies-in-committee","status":"publish","type":"post","link":"https:\/\/coloradospringsmoverss.com\/?p=9","title":{"rendered":"State investment bill backed by \u2018secret memo\u2019 dies in committee"},"content":{"rendered":"
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A Colorado bill that would have allowed the state to invest enterprise fees and other public money in privately managed investment funds died Wednesday in a committee.<\/p>\n

Read more Military\u2019s selection of Buckley base as possible site for nuclear microreactor spurs questions in Aurora<\/a><\/p>\n

Sponsors of Senate Bill 180 sought to use the potentially higher returns from private investment funds to pay for low-income childcare programs. However, the proposal faced questions about whether it of the Colorado Constitution\u2019s prohibition on the state owning stocks in corporations.<\/p>\n

Representatives of Gov. Jared Polis said his office had received a legal opinion from the attorney general\u2019s office giving the OK for this arrangement, they refused to release it to legislators.<\/p>\n

The bill failed on a 1-6 vote in the Senate Appropriations Committee, with only Sen. Barbara Kirkmeyer, a Brighton Republican, voting in favor. That committee does not generally allow public testimony, and its members typically consider only the fiscal effects of a bill. The committee members did not discuss their votes ahead of time Wednesday.<\/p>\n

The bill was sponsored by Sen. Janice Marchman, a Loveland Democrat, and Sen. Scott Bright, a Platteville Republican.<\/p>\n

Marchman said Wednesday night that the bill \u201cexplored a creative funding solution\u201d to help families in need of childcare.<\/p>\n

Read more Hello world!<\/a><\/p>\n

\u201cGiven the reality of our state budget, we contemplate bills with innovative funding mechanisms each year \u2014 and SB26-180 was no different,\u201d she said. \u201cThis was a bipartisan opportunity for us to invest in childcare in a meaningful way without jeopardizing funding for other critical services, and I am disappointed that it is not advancing this year.\u201d<\/p>\n

Sen. Byron Pelton, a Sterling Republican who voted against the measure, said earlier Wednesday that he was torn between trying to get money to a struggling childcare program and recognizing the concerns of rural banks worried about cash flow in what could be a devastating drought.<\/p>\n

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\u201cBanks are going to have to carry (the farmers),\u201d Pelton said.<\/p>\n

Colorado Treasurer Dave Young also vehemently opposed the bill. He warned about its constitutionality and the risk that comes with investing state money in private investment vehicles.<\/p>\n

Stay up-to-date with Colorado Politics by signing up for our weekly newsletter, The Spot.<\/em><\/p>\n<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A bill that proposed allowing Colorado to invest state enterprise fees and other public money in privately managed investment funds died in committee Wednesday.<\/p>\n","protected":false},"author":1,"featured_media":8,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,5],"tags":[],"class_list":["post-9","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-politics"],"yoast_head":"\nState investment bill backed by \u2018secret memo\u2019 dies in committee - Colorado Springs Moverss<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coloradospringsmoverss.com\/?p=9\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State investment bill backed by \u2018secret memo\u2019 dies in committee - 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