Stretching theState’s Budget

Presentation for the

Colorado School Finance Partnership

December 13, 2011

Presented by:

Todd Saliman

Fiscal Planning Project

How Much Does the State Spend?FY 2012-13

2

General Fund SpendingFY 2000-01 vs. FY 2012-13

3

General Fund SpendingFY 2012-13

4

Caseload and Inflation ChangesFY 2007-08 through FY 2012-13

5

6

K-12 Cut Over $1 billionFY 2012-13

Source: Governors Budget Request for FY 2012-13 and Policy Matters

7

Funding for Factors Almost GoneFY 2012-13

Source: Office of Legislative Council, 2011 and Governor’s FY 2012-13 Budget Request

Higher EducationFunding History

8Source: Joint Budget Committee Appropriations Reports and Governor’s FY 2012-13 Budget Request

Medicaid Enrollment Growth

9

Who is Enrolled in MedicaidFY 2012-13

10

Who is on Medicaid and what is the Cost?

11Source: Center for Colorado’s Economic Future

Medicaid Expansion Still SmallFY 2012-13

12

Balancing Budget with Maximum Cuts to K-12

13Source: Center for Colorado’s Economic Future

Balancing Budget Without Cutting K-12

14Based on data from the Center for Colorado’s Economic Future, Policy Matters, Lobato Lawsuit and Governor’s FY 2012-13 Budget Request

Defining “Other”

15Source: Center for Colorado’s Economic Future

DU’s Demonstration for Fixing Shortfall (not including Lobato) with No Additional Cuts

16Source: Center for Colorado’s Economic Future

Demonstrating DU’s Revenue Option

Source: Center for Colorado’s Economic Future 17

Next Steps

18Source: Center for Colorado’s Economic Future