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2010 $12M mill levy override
Reductions for 10-11
Previous budget cuts
Cuts and elections
School Finance Basics
State and Local Funding
State funding comparisons
5-year averaging
The "Funding Cliff"
The "Funding Cliff"

Budget planning for 2011–2012 and beyond is further complicated by what is being called the “Funding Cliff”:

  • Amendment 23, which guarantees that K–12 education will receive annual increases of inflation plus one percent, sunsets in 2011.
  • All federal stimulus funds to Colorado and to LPS will be gone in 2011.
  • Referendum C, passed by Colorado voters in 2005, allowed for a time-out from the revenue limits of the Taxpayer's Bill of Rights (TABOR). This time-out allows Colorado to keep all of the revenue it brings in for five years. Referendum C sunsets in 2011, and TABOR's  revenue collection limits will be in place again.
The economic downturn and smaller student populations exacerbate funding challenges for LPS.
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