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CWCB and DNR officials outline water funding mix: sports-betting taxes, severance and revolving loan programs

Water Resources and Agriculture Review Committee · August 7, 2024
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Summary

DNR and CWCB officials briefed lawmakers on Colorado's water funding: sports-betting tax (Prop DD) now funds Water Plan Grants on a three-year cycle, severance tax funds operational priorities and a perpetual base fund that supports revolving water-project loans, and federal funding windows require state readiness for drawdown.

Officials from the Department of Natural Resources and the Colorado Water Conservation Board told the committee that Colorado's water funding ecosystem combines state revenue streams and federal opportunities, and requires coordination to deploy large new federal grants.

Nate Pearson (DNR) summarized available federal funds and noted deadlines in federal appropriations that require Colorado to obligate awards by about 2026. He described Proposition DD sports-betting tax…

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