LPS does both short-term and long-term budget forecasting each year to help guide future budget decisions for the district. It is a complex process that is greatly impacted by a number of variables that are not within the district’s control. Many of the variables that will affect the 2011-2012 budget remain unsettled:
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National recession
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Colorado’s fiscal budget crisis and state-level budget cuts
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Housing market and its impact on assessed value of property
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Changes to state statutes that affect K-12 funding (at-risk funding, declining enrollment districts, etc.)
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Interim committee work at the state level
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Colorado’s future tax structure