In FY 2009-10, Colorado’s legislature created a new factor in the school finance formula due to the Great Recession and economic downturn that put pressure on the state’s budget. The factor is a state budget tool that proportionally reduces the amount of total funding for each school district. The factor reduces state aid to districts.
Colorado’s legislature has renamed the factor over the years:
- FY2009-10: mid-year cut. HB10-1369 created the new factor.
- FY2010-11: State Budget Stabilization Factor. The Federal Government awarded Federal ARRA (American Recovery and Reinvestment Act of 2009) Funds and Education Jobs Funding which reduced the State Budget Stabilization Factor’s impact to school districts for that year. SB11-230 changed the name to the Negative Factor and extended the factor indefinitely.
- FY2011-12: Negative Factor
- FY2012-13 to FY2016-17: Negative Factor
- FY2017-18 to present: Budget Stabilization Factor (aka BS Factor)
Information regarding school district budget cut conversations is available on the District Budget Cut Discussions page
Budget Stabilization / Negative Factor by fiscal year
- FY18-19: $672.4 (projected)
- FY17-18: $828.3M
- FY16-17: $830.7M
- FY15-16: $830.7M (with Supplemental - February 2016)
- FY14-15: $880M
- FY13-14: $1.004B
- FY12-13: $1.001B
- FY11-12: $774M
- FY10-11: $381M (State Budget Stabilization Factor: $-597M) + (Federal ARRA Funds and EDU jobs: $216M) = $-381M
- FY09-10: $130M
A Decade of Colorado K-12 School Funding Cuts 2018-19 to 2009-10 (PDF) by county, district (inclusive of mid-year cuts, state budget stabilization, negative factor, and budget stabilization factor) - updated May 2018. Total lost revenue: $7,300,000,000 ($7.3B). During the 2017 Legislative Session the Legislature renamed the Negative Factor to the Budget Stabilization Factor.
From Legislative Council Staff's School Finance Booklet April 2018 (for 2017-18): The 2017 Legislature renamed the Negative Factor to the Budget Stabilization Factor.
- What is the Budget Stabilization Factor? for FY2017-18, page 13. Adjustments range from $673 to $2,016.
- Legislative Council Staff's School Finance Booklet, April 2018 is available here.
In early March CSFP asked all 178 school district Superintendents and CFOs how they would spend a $100M buydown of the Budget Stabilization Factor (formerly the Negative Factor). CSFP posted responses on social media beginning Monday, March 5, 2018. All posts are available here, updated with the most recent posts.
From Legislative Council's School Finance Booklet April 2017:
- What is the Negative Factor? for FY 2016-17, pg 12. Adjustments range from $750 to just under $2,000.
- Map of the Negative Factor per Pupil Funding Decrease, FY 2016-17 (jpg)
- Legislative Council's School Finance Booklet, April 2017
Nine Years of K-12 School Funding Cuts 2009-2018 (PDF) by county, district (inclusive of mid-year cuts, state budget stabilization, negative factor, and budget stabilization factor) - updated May 2017.
During the 2017 Legislative Session the Legislature renamed the Negative Factor to the Budget Stabilization Factor.
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Negative Factor / Rescissions FY 2014-15: $880,000,000
Three Years of Negative Factor by District – FY 2011-12 thru FY 2013-14. Totals by district and Fiscal Year. Data Source: CDE.
Three Years of Negative Factor by District – FY 2011-12 thru FY 2013-14. Totals by district and Fiscal Year. Data Source: CDE