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Monday Churn: Fingers are crossed

What’s churning:

The Joint Budget Committee, other legislators, hordes of lobbyists and others will gather at 10 a.m. this morning to hear the quarterly state revenue forecasts from Legislative Council economists and Office of State Planning and Budgeting staffers.

The news – good, bad or uncertain – will set the financial tone for the first part of the 2011 legislative session and will have important implications for both K-12 and higher education funding.

The forecasts are done four times a year. While projections issued in June and September found some signs of hope for the overall Colorado economy, they also warned that state revenues remained problematic and that lawmakers would need to take action to balance the 2011-12 budget. (See story about September forecasts.)

Outgoing Gov. Bill Ritter has proposed a way to balance next year’s budget, but Gov.-elect John Hickenlooper likely will tweak that plan, and lawmakers will have the final say, after the next forecasts are made in late March.

The session will be in Hearing Room A of the Legislative Services Building, 200 E. 14th Ave.

What’s on tap:

The Douglas County school board slated for Tuesday night has been canceled. The board’s next meeting is Jan. 18.

Happy Holidays

Given the seasonal slowdown in the news, we won’t be posting the Churn every day this week and next. But if important education news breaks, we’ll report it.

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