Great Recession Cuts Comparison

Just some notes for your reference as to the differences between the budget cuts to our schools from the Great Recession (which we still haven’t fully restored – the BS factor was $572 Million this year alone) and today’s economic impacts to our schools due to COVID-19.

From “Jeffco: Just the Facts, May 2012”:

  • Between 2009/10 and 2012/13, the budget was reduced by $63,175,300 or 9%.
  • Between 2009/10 and 2012/13, the amount received from the state was reduced by $761 from $7,070 to $6,308 per pupil funding.
  • Between 2009/10 and 2011/12, 446.9 jobs were eliminated which included 7% administrative, 6% licensed, and 5% support staff.
  • Between 2009/10 and 2012/13, the Rainy Day Fund (Reserves), which was built beginning in 2004, will be spent down by $73,000,000. Without that fund, reductions would have been greater than $130,000,000.
  • For 2013/14, Jeffco would be faced with $43-$45 million of reductions including 481 school employees.

We ran a bare bones mill levy override which passed, but the district was still forced to cut an additional $7 million after passing the MLO ($39 million). No way was it enough to make up for any losses the district took, it was only to keep from having to cut an additional $43-$45 million on top of that. Sadly, it was just a bandaid. Jeffco’s recovery from the Great Recession has been a slow and painful one.

This budget cycle we are headed into is expected to be worse than the Great Recession. During 2012, when the Negative Factor was at its peak at the $1 Billion mark, the General Fund shortfall was $230 million. The shortfall for this coming cycle is projected to be $290 million +/-.

This is all quite sobering. Especially when we look back in history to remind us where we may be headed. This is one of the reasons we are supporting #271. We are tired of running funding campaigns, but we really do believe 271 might be the only thing that will help us keep school doors open in the coming couple of years.

Support Jeffco Kids Endorses Fair Tax Colorado (Initiative #271)