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The forecast for the State Education Fund and the level of General Fund appropriations have changed from when the General Assembly adjourned in May 2010. The ongoing economic recession is affecting forecasts for property values and income tax receipts, which in turn are placing pressure on state aid appropriations. Despite projected increases in General Fund revenue, declining local taxes are putting pressure on the State Education Fund to support education funding.

House Bill 10-1369 amends the Public School Finance Act of 1994 to provide funding for school districts for the 2010-11 budget year. House Bill 10-1376, the "long bill," appropriates most of the money distributed to school districts. Highlights of funding provided to school districts by the two bills follows. This memorandum also contains a more detailed summary of House Bill 10-1369 and a printout with estimates of school district funding for the upcoming school year. House Bill 10-1369 was signed by the Governor on May 21, 2010.

I. PREAMBLE
II. HISTORY OF THE NATIONAL CONFERENCE (ULC)
III. THE OPERATION OF THE ULC
IV. ACTIVITIES OF THE COLORADO COMMISSIONERS
V. A SUMMARY OF NEW ACTS
VI. RECOMMENDATIONS FOR ENACTMENT AND FOR OTHER ACTION
VII. ENACTMENT RECORD, TO DATE

This memorandum provides a brief description of the Colorado Public Employees' Retirement Association (PERA), presents the pension plan's historical funded ratio, and summarizes provisions of 2010 PERA reform legislation.

Publication of the Colorado Revised Statutes occurs several months following the end of each regular legislative session. Prior to such publication, the Office of Legislative Legal Services prepares the Digest of Bills and concurrent resolutions as required under section 2-3-504, C.R.S. The Digest consists of summaries of all bills and concurrent resolutions enacted by the Sixty-seventh General Assembly at its Second Regular Session ending May 12, 2010. The summaries include the dates bills are approved and the effective dates of the bills.

As of April 5, 2010, everyone with appropriately configured wireless devices will have access to free wireless internet while in the Colorado State Capitol. Please read the following document before using the service. Also, please note the Troubleshooting and Additional FAQ's link below, as well as the link to the acceptable use policy

The forecast for the State Education Fund and the level of General Fund appropriations necessary to meet the funding requirements of Amendment 23 have changed from when the General Assembly adjourned in May 2009. The ongoing economic recession is affecting forecasts for property values and income tax receipts, which in turn are placing pressure on state aid appropriations to support the requirements of Amendment 23. Projected declines in General Fund revenue are putting pressure on the State Education Fund to support education funding.

I. PREAMBLE
II. HISTORY OF THE NATIONAL CONFERENCE (ULC)
III. THE OPERATION OF THE ULC
IV. ACTIVITIES OF THE COLORADO COMMISSIONERS
V. A SUMMARY OF NEW ACTS
VI. UNIFORM ACTS ADOPTED IN 2009
VII. RECOMMENDATIONS FOR ENACTMENT AND FOR OTHER ACTION
VIII. ENACTMENT RECORD, TO DATE