FY 2010-2011BUDGET PACKAGEANDLONG BILL NARRATIVEJOINT BUDGET COMMITTEE
STATE OF COLORADO
REPRESENTATIVESSTAFF DIRECTOR
Jack Pommer, ChairmanJohn ZieglerMark FerrandinoKent Lambert
SENATORS
Moe Keller, Vice-ChairmanAbel TapiaAl White
JOINT BUDGET COMMITTEE
200 East 14th Avenue, 3rd FloorLEGISLATIVE SERVICES BUILDINGDenver, CO 80203Telephone 303-866-2061
www.state.co.us/gov_dir/leg_dir/jbc/jbchome.htm
March 26, 2010To:Members of the Sixty-seventh General AssemblyThe Joint Budget Committee (JBC) submits for your approval the FY 2010-11 Long Bill (House Bill10-1376), and its companion document, this Long Bill Narrative. The JBC used the LegislativeCouncil Staff March 2010 revenue estimates to develop the FY 2010-11 budget.The March 2010 forecast indicates that General Fund revenues will decline by $13.0 million (0.2percent) in FY 2009-10 and increase by $389.4 million (5.8 percent) in FY 2010-11. The statutorylimit restricts the increase in General Fund appropriations to no more than 5.0 percent of personalincome. For FY 2009-10, General Fund appropriations could increase by a maximum of $2,890.5million. However, projected General Fund revenues will not support this level of increase. The FY2009-10 budget submitted by the JBC in this budget package, including further mid-yearadjustments, reflects a reduction of $768.9 million (10.4 percent) over FY 2008-09.General Fund appropriations subject to the statutory limit for FY 2010-11 as submitted by the JBCtotal $6,938.6 million, an increase of $308.3 million (4.6 percent) over the recommended FY 2009-10 appropriation level of $6,630.3 million General Fund. The recommended FY 2010-11 Long Billcontains General Fund appropriations of $7,533.8 million, including $7,415.8 million subject to thestatutory limit. In addition to the FY 2010-11 Long Bill, the JBC has introduced several bills aspart of the overall FY 2010-11 budget recommendation. These bills decrease General Fundappropriations subject to the statutory limit by $512.3 million. Also included is $32.2 million forthe legislative appropriation bill and $3.0 million General Fund for statutory five year sentencingappropriations in the Department of Corrections.Due to the economic conditions the State faces, the JBC recommendations for capital projects in FY2009-10 and FY 2010-11 are limited to only essential projects. For details on the projects that havebeen included in the recommended budget package, see the capital construction portion of the LongBill narrative.The proposed budget provides the following significant annual General Fund changes:
%
$216.4 million increase (50.5 percent) for the higher education system;
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$92.6 million increase (5,510.7 percent) for the Department of the Treasury;
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$87.8 million increase (15.5 percent) for the Department of Corrections;
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$82.8 million increase (7.2 percent) for the Department of Health Care Policy and Financing;
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$14.8 million decrease (-2.3 percent) for the Department of Human Services; and
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$64.6 million decrease (-2.0 percent) for the Department of Education.
Respectfully submitted,Printed version signed by members.Representative Jack Pommer, ChairmanSenator Moe Keller, Vice-ChairmanRepresentative Mark FerrandinoSenator Abel TapiaRepresentative Kent LambertSenator Al White
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