@CASBMattCook

CASB Dir. of Public Policy & Advocacy - Colorado must have an adequately resourced and locally lead system of education. Likes and retweets are not endorsements

 Denver, CO
casb.org
Joined December 2015
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  • Followers505
1.2KMedia
The 2025 School Finance Act passed through the House! Our bill delivers for schools by boosting funding by $256 million & turning on the new school finance formula that will drive more resources to the students who need them the most. Thanks to my co-prime @MeghanLukens #coleg
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In Rocky Ford for middle school wrestling. I remember these days when the Meloneers absolutely DOMINATED the Colorado wrestling world. 10 championships from '76 to '90. Crazy. That's Bill Russell Celtics kind of awesome.
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I loved visiting with the two young ladies from Greeley Dist 6 on the Senate floor. I’m thinking someday they may be a state legislator 😉 #coleg #copolitics
Matt Cook@CASBMattCook13 Feb 2025
Big thank you to @SenKirkmeyer for meeting with students during the @CASBConnect Day at the Capitol
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Did you know that something as simple as consistent school attendance in elementary school can make a HUGE difference in your child's future success? The early foundation of attendance is key to setting students up for success, both academically and beyond! #ImDistrict6
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I spent the afternoon at Summit Hight School learning about the amazing Career and Technical Education programs offered by @summitk12. From welding and culinary, to ski building and construction, and much more, these innovative programs are doing great things for students!
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Key takeaways: the forecast shows more budget space than estimated in September. Budgeting constraints remain, and there are risks to the forecast that could complicate the outlook. #coleg #copolitics
Forecast Takeaways December forecast shows more budget space than estimated in September, due to reduced cash fund revenue forecast and changes to accounting of transfer amounts • Still facing a current year deficit relative to requirement • Governor’s request now estimated to be in balance for FY 2025-26 Budget still constrained by TABOR environment, caseload and ARPA rolloff pressures Revenue could fall below TABOR limit, even without an economic downturn

ALT Forecast Takeaways December forecast shows more budget space than estimated in September, due to reduced cash fund revenue forecast and changes to accounting of transfer amounts • Still facing a current year deficit relative to requirement • Governor’s request now estimated to be in balance for FY 2025-26 Budget still constrained by TABOR environment, caseload and ARPA rolloff pressures Revenue could fall below TABOR limit, even without an economic downturn

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LCS takes no position on the Governor's budget request. Under the December forecast, we estimate that the FY 2025-26 budget is balanced under the request, with an outstanding excess reserve of about $98M. #coleg #copolitics
Budget Year | FY 2025-26 Scenario B - Chart showing how Governor's proposed budget will adjust budget and the excess reserve after these actions

ALT Budget Year | FY 2025-26 Scenario B - Chart showing how Governor's proposed budget will adjust budget and the excess reserve after these actions

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FY 2024-25 ends on June 30, 2025. We still project that the FY 2024-25 reserve will fall short of the reserve requirement by $194M assuming current law, but the projected deficit is $177M smaller than we estimated in September. #coleg #copolitics
heading: Current Year | FY 2024-25 General Fund Reserve Followed by two bar charts showing the difference in FY 25 GF reserve between the Sept. and Dec. 2024 forecasts. Addition text as follows: Changes since September forecast: +$177 M in additional budget space: • +$72 M from beginning balance • +$13 M from transfers in (HB 24-1426) • +$109 M from GF revenue forecast • +$9 M from lower TABOR obligation • -$21 M from higher transfers out, mostly of exempt revenue • -$4 M from higher rebates and expenditures

ALT heading: Current Year | FY 2024-25 General Fund Reserve Followed by two bar charts showing the difference in FY 25 GF reserve between the Sept. and Dec. 2024 forecasts. Addition text as follows: Changes since September forecast: +$177 M in additional budget space: • +$72 M from beginning balance • +$13 M from transfers in (HB 24-1426) • +$109 M from GF revenue forecast • +$9 M from lower TABOR obligation • -$21 M from higher transfers out, mostly of exempt revenue • -$4 M from higher rebates and expenditures

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Last weekend, the students in Vilas School District RE-5's Matrix Robotics Team competed at the First Official Challenge State Qualifier! The team worked together to build and program their robot, Atlas, to complete the required challenges for the qualifier.
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Revisions to the cash fund revenue outlook are a big part of the budget outlook. Downgrades to the cash fund forecast mean more available General Fund budget space due to TABOR interactions. #coleg #copolitics
September 2024 | Cash Funds Subject to TABOR

ALT September 2024 | Cash Funds Subject to TABOR

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The forecast incorporates ballot measures passed in November. These are the ones with near-term budget impacts - others have smaller impacts, or impacts further into the future. #coleg #copolitics
Forecast adjustments for ballot measures: • Amendment G (homestead exemption for vets) • Proposition JJ (gaming revenue retention) • Proposition KK (firearms tax) • Proposition 130 (law enforcement funding)

ALT Forecast adjustments for ballot measures: • Amendment G (homestead exemption for vets) • Proposition JJ (gaming revenue retention) • Proposition KK (firearms tax) • Proposition 130 (law enforcement funding)

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The forecast anticipates a continued slowing expansion, with downside risks that could shift the trajectory of the economy more than the upside risks. #coleg #copolitics
The forecast anticipates a continued, slowing expansion, with downside risks more disruptive Downside Risks: • Persistently high prices hurt consumption • Deteriorating labor market conditions • Poor global economy impacts U.S. growth • Significant federal policy changes Upside Risks: • Significant federal policy changes • More aggressive monetary policy easing • Faster labor market response to monetary policy easing • Ratio of imports to exports decreases

ALT The forecast anticipates a continued, slowing expansion, with downside risks more disruptive Downside Risks: • Persistently high prices hurt consumption • Deteriorating labor market conditions • Poor global economy impacts U.S. growth • Significant federal policy changes Upside Risks: • Significant federal policy changes • More aggressive monetary policy easing • Faster labor market response to monetary policy easing • Ratio of imports to exports decreases

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We've upgraded the forecast for General Fund revenue, with broad-based improvements in the outlook for individual income tax, corporate income tax, sales tax, and excise taxes. #coleg #copolitics
General Fund Revenue • revised up on various factors TABOR Outlook • small surpluses expected Cash Fund Revenue • lots of movement, revised down on net Ballot Measures Budget Bottom Line • Forecast shows more available space, building cumulatively across all three fiscal years

ALT General Fund Revenue • revised up on various factors TABOR Outlook • small surpluses expected Cash Fund Revenue • lots of movement, revised down on net Ballot Measures Budget Bottom Line • Forecast shows more available space, building cumulatively across all three fiscal years

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Since revenue is over the TABOR limit, revenue forecast revisions change the TABOR surplus, rather than the budget picture. But projected surpluses are small enough that revenue could fall short of the TABOR limit in the course of normal forecast error. #coleg #copolitics
TABOR surpluses are expected to decline. and a bar chart showing historic trend and future forecast in TABOR revenue

ALT TABOR surpluses are expected to decline. and a bar chart showing historic trend and future forecast in TABOR revenue

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Smaller TABOR surpluses means smaller refunds. Taxpayers will pay tax at the reduced 4.25% rate for 2024, but the tax is expected to return to the permanent 4.4% rate for 2025. #coleg #copolitics
Heading: TABOR Refunds expected to fall in FY 2025. Chart showing refund amounts by year, with the bar for each year showing the breakdown of funding mechanisms each year

ALT Heading: TABOR Refunds expected to fall in FY 2025. Chart showing refund amounts by year, with the bar for each year showing the breakdown of funding mechanisms each year

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Unemployment rates for the state and U.S. remain at healthy levels. However, unemployment has ticked up to 4.1% for Colorado and 4.2% for the U.S. #coleg #copolitics
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Colorado's labor market is still growing, but gains vary widely across industries. Labor market data are more uncertain than usual due to relative large expected revisions. #coleg #copolitics
A break down of employment growth by sector, showing highest growth in Government and lowest in manufacturing

ALT A break down of employment growth by sector, showing highest growth in Government and lowest in manufacturing

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Personal income data have been revised up since the September forecast, showing that average incomes are rising in the U.S. and Colorado, even after adjusting for inflation. #coleg #copolitics
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Lower inflation in the Denver area is a result of smaller increases in housing costs over the past year compared to the nation. Transportation prices, on the other hand, have risen faster in Denver. #coleg #copolitics
bar chart showing the difference between US and Colorado inflation components, with housing inflation lower in Colorado relative to US

ALT bar chart showing the difference between US and Colorado inflation components, with housing inflation lower in Colorado relative to US

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@ColoradoLCS December Forecast: leg.colorado.gov/sites/defau… Slides: leg.colorado.gov/sites/defau… Inflation Expectations: leg.colorado.gov/sites/defau… #coleg #copolitics
Cover of the December Forecast document from Colorado Legislative Council Staff

ALT Cover of the December Forecast document from Colorado Legislative Council Staff

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