Join CASB members and ask your members of the CO House to vote YES on SB24-188. The bill will finally paying off the Budget Stabilization Factor and provide sustainable rural school funding. Please act now, just click the link
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Please join CASB members from across our great state and ask the Colorado Senate to support all of our students with a YES vote on SB24-188 'Public School Finance' please follow link to act now votervoice.net/Shares/BBSK1AK…

This chart shows how we built Scenario B, which integrates the JBC's actions to-date and JBC staff recommendations with our revenue forecast. See Table 2 in the forecast document. #coleg #copolitics

We expect the General Fund to end the current fiscal year $35 million below the 15% reserve requirement, after accounting for the supplemental budget package and other adjustments. #coleg #copolitics

Thanks for following along with the LCS March economic forecast! You can always find our forecasts here: leg.colorado.gov/EconomicForeca… and a reminder that today's slides are online here: leg.colorado.gov/sites/default/… #coleg #copolitics

We've reduced our expectations for the amount available to spend next year by about $208 million from December, due to a lower beginning balance, higher appropriations, and a higher TABOR refund expectation. #coleg #copolitics

Risks to the General Fund budget come from variable cash fund revenue, but the decisions by the General Assembly are the biggest determinant of the state's budget. #coleg #copolitics

Revenue is still expected to comfortably exceed the Referendum C cap, so we forecast TABOR refund obligations through FY 2025-26. #coleg #copolitics

We expect a small revenue decrease this year, though the decline could be more severe, or revenue could increase, depending on income taxes. The outlook for FY 2024-25 and beyond is consistent with a moderate expansion. #coleg #copolitics

The forecast anticipates slowing expansion, with balanced downside and upside risks. The forecast continues to predict a soft landing, with higher likelihood than in the December 2023 forecast. #coleg #copolitics

We're modestly upgrading our forecast for General Fund revenue relative to December, with the corporate income tax forecast revised up and the individual income tax forecast revised down. #coleg #copolitics

In years where revenue exceeds the TABOR cap, higher cash fund revenue corresponds to less room in the General Fund budget. #coleg #copolitics

Cash fund revenue is expected to increase this year, mostly driven by transportation and revenue from miscellaneous cash funds, but partially offset by falling severance tax revenue. #coleg #copolitics

Annual income tax collections will depend heavily on how much is collected when taxpayers file their taxes in March and April, meaning there is a lot we still don't know about current year General Fund collections. #coleg #copolitics

The personal savings rate has fallen since June and remains below the historical average, indicating that households are spending a higher portion of their incomes. #coleg #copolitics

Colorado monthly employment gains have slowed since mid-2022, averaging 4,900 jobs per month compared to an average of 13,700 jobs per month before April 2022. #coleg #copolitics

Colorado and U.S. unemployment rates remain at a level consistent with a healthy economy; however, Colorado's has ticked up closer to the national average. #coleg #copolitics

Nominal retail and food service sales increased through 2023 but were stagnant in January 2024. Real sales growth remains down. #coleg #copolitics

A decline in transfer payments is a significant factor contributing to slowing personal income growth, but wage growth has remained steady. #coleg #copolitics

Denver-Aurora-Lakewood inflation fell steeply at the end of 2024 to 3.5 percent but still remains slightly higher than the nation. #coleg #copolitics