EAB006B9B3146DE187258BBE00539E9E Hearing Summary CLICS/CLICS2024A/commsumm.nsf PUBLICBILL SUMMARY For STATE BUDGET AND POTENTIAL REVENUE STREAMSINTERIM COMMITTEE OVERRIDE MILL LEVY MATCH WORKING GROUPDate Oct 22, 2024 Location SCR 352 State Budget and Potential Revenue Streams - Committee Discussion Only Attachment Tag File Name Attachment B https://www.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/A88CDBA9E664...$File/Attachment B.pdf?OpenElement Attachment B.pdf 09:13:24 AM Andrea Uhl, Joint Budget Committee Staff, began her presentation on the state budget and potential revenue streams for the MLO Match program, which can be found as Attachment B. She reviewed MLO match funding history from the General Fund and State Education Fund. Ms. Uhl explained that currently, the state transfers money from the General Fund (GF) or State Education Funding (SEF) into the MLO Match Fund as a cash transfer instead of doing a direct appropriation. She explained that in terms of the state share of districts' total program funding, the largest amount comes from the GF, follwed by the SEF, and finally the State Public School Fund. She discussed the SEF balance, which is quickly decreasing, which means that the GF appropriation for school finance can no longer be held constant and will need to increase to account for the decrease in the SEF. 09:24:18 AM Ms. Uhl explained that the SEF is also used for a variety of other one time and ongoing education-related programs. She suggested some considerations for the working group, such as: setting the maximum amount the MLO match program should cost annually; is it more important to fully fund fewer districts or more districts at a lower amount; and how should this program be prioritized against all the other GF uses. Ms. Uhl answered questions from the committee.
