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.
Fourteen Years of Budget Stabilization by District -2009 to 2023 (Inclusive of Budget Stabilization Factor, Negative Factor, and Mid-Year Recissions)
Colorado’s legislature has renamed the factor over the years:
- FY2009-10: new factor. 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 of the new factor to the Negative Factor and extended the factor indefinitely.
- FY2011-12 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.
- FY21-22: $503.2M
- FY20-21: $1.052B
- FY19-20: $572.4M
- FY18-19: $672.4M
- FY17-18: $828.3M
- FY16-17: $828M
- FY15-16: $830.7M
- FY14-15: $880M
- FY13-14: $1.004B
- FY12-13: $1.011B
- FY11-12: $774M
- FY10-11: $381M (State Budget Stabilization Factor: $-597M) + (Federal ARRA Funds and EDU jobs: $216M) = $-381M
- FY09-10: $130M
Updated 2020-21 Budget Stabilization Factor Tables Twelve Years of Colorado K-12 School Funding Cuts 2009-2021 (Inclusive of Budget Stabilization Factor, Negative Factor, and Mid-Year Recissions)
- Interactive District Snapshot Tool (Google Sheets)
- Interactive District Snapshot Tool (Excel workbook)
- Interactive Percentage Cut Tool (Google Sheets)
- Interactive Percentage Cut Tool (Excel workbook)
- Budget Stabilization Factor by District Total Program - Pre-BSF, Current BSF, Additional 5% in BSF
- Budget Stabilization Factor by District Total Program - Additional 10% in BSF and Additional 15% in BSF
- Attachment E: BSF by District- Percent when hitting base
- Budget Stabilization Factor as a Percent: Looking at Potential Consequences in 2020-21
- 2008-2021 Budget Stabilization Factor: Looking at Potential Consequences in 2020-21
- 2008-2021 Budget Stabilization Factor Graph
Budget Stabilization Factor Statewide Total: 2009-10 to current year graph Colorado's Legislative Council
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.
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.