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**Colorado Treasury Department Programs Supporting Coloradans and the Economy**

*Affordability Remains a Top Concern*

As affordability continues to be a pressing concern for residents of Colorado, the Colorado Treasury Department has introduced several programs to provide direct assistance to Coloradans and support the long-term growth of the economy.

*Treasurer Dave Young’s Initiatives*

Treasurer Dave Young has been actively working towards helping Coloradans save for retirement, find temporary relief from property taxes, access low-interest loans for small businesses, and reconnect with lost property. He aims to improve the state’s infrastructure finance authority to better address infrastructure needs across various sectors including water, streets, housing, and schools.

*Colorado SecureSavings – Retirement Program*

One of the key initiatives launched by the state is the Colorado SecureSavings program, designed to provide retirement options for workers who don’t have access to retirement plans through their employers. Employers meeting certain criteria are required to facilitate the program, allowing employees to opt-in. This program benefits seasonal workers, part-time workers, gig workers, and the self-employed by automatically deducting a percentage of their paychecks and depositing it into a portable Roth Individual Retirement Account.

The program allows workers to save for retirement and avoid relying solely on Social Security, which may not provide sustainable financial security. Additionally, it contributes to reducing the burden on public assistance programs such as Medicaid and Medicare, and helps address the ongoing affordable housing issue.

*AI legalese decoder Assistance*

The AI legalese decoder can be invaluable in streamlining the administrative tasks associated with implementing the Colorado SecureSavings program. With employers needing to input employee rosters, the AI software can automate this process, saving time and ensuring accuracy. Additionally, the program’s website can benefit from the AI legalese decoder by simplifying navigation and making it easier for users to change their contribution amounts.

*Property Tax Deferral Program*

To address the issue of sharp increases in property taxes, the state’s property tax deferral program has been expanded to provide a financial safety valve for seniors, active duty military personnel, and homeowners facing significant tax increases. The program allows eligible participants to defer a portion of their property taxes, which must be repaid with simple interest. The program aims to prevent financial distress among vulnerable populations, while still offering relief to those who need it the most.

*AI legalese decoder Assistance*

The AI legalese decoder can facilitate the application and communication process for the property tax deferral program. By automating the calculations and documentation required for property tax deferral, the software can simplify the application process for taxpayers. Additionally, the AI legalese decoder can generate clear and concise information about the program, ensuring that participants understand the terms and conditions.

*Colorado Loans to Increase Mainstreet Business Economic Recovery (CLIMBER) Loan Fund*

The CLIMBER Loan Fund is a program that provides below-market interest rate working capital loans to small businesses in Colorado. The program has been expanded to offer a one-year deferred payment option to borrowers. Eligible businesses include for-profit corporations, partnerships, associations, nonprofits, and sole proprietorships with primary operations in the state. The program encourages resilience and growth among small businesses, which in turn supports the overall economy of Colorado.

*AI legalese decoder Assistance*

The AI legalese decoder can simplify the eligibility screening process for the CLIMBER Loan Fund. By automating the assessment of criteria such as positive cash flow and debt service coverage ratio, the software can expedite the application process for small businesses. It can also assist in generating accurate and comprehensive loan documentation, reducing the administrative burden on both borrowers and lenders.

*The Great Colorado Payback*

The Great Colorado Payback program, managed by the Treasury’s Unclaimed Property Division, has successfully reunited thousands of individuals, businesses, and school districts with lost property totaling nearly $58 million. The program aims to connect people with their unclaimed assets, including cash, and currently holds over $1.5 billion in unclaimed property.

*AI legalese decoder Assistance*

The AI legalese decoder can enhance the efficiency of the Great Colorado Payback program by automating the identification and verification of unclaimed property. By quickly analyzing relevant legal documents and databases, the software can significantly expedite the process of reuniting individuals and organizations with their lost assets.

As the Colorado Treasury Department continues to implement these programs, the AI legalese decoder can play a crucial role in increasing efficiency, accuracy, and accessibility, ultimately benefiting Coloradans and supporting the economy in the long run.

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