Date: 12/14/2015

Final
OSPB FY 2016-17 Budget Requests

COMMITTEE ON CAPITAL DEVELOPMENT

Votes: View--> Action Taken:
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09:01 AM -- OSPB FY 2016-17 Budget Requests

The committee was called to order. Mr. Henry Sobanet, Director, and Mr. Erick Scheminske, Deputy Director, Governor's Office of State Planning and Budgeting (OSPB), presented the office's FY 2016-17 capital construction requests, and provided an overview of the budget for the upcoming fiscal year. Committee members received a binder prepared by Legislative Council Staff containing written descriptions of FY 2016-17 capital construction requests from all of the state's executive departments and higher education institutions, as well as some supporting materials. The materials in the binder are posted to the Capital Development Committee website: https://www.colorado.gov/pacific/cga-legislativecouncil/staff-documents. Committee members also received a packet of slides providing an overview of the FY 2016-17 state budget outlook, prepared by OSPB (Attachment A). Mr. Sobanet discussed the state's budget outlook, and responded to questions regarding potential program cuts and funding sources that may help balance the budget. Mr. Sobanet responded to questions regarding commitments of money under transfers triggered by Senate Bill 09-228, and the outlook for refilling in FY 2017-18 those funding sources that will be tapped to balance the budget in FY 2016-17. Mr. Sobanet also discussed the impact of these repayments on the FY 2017-18 capital construction budget. Mr. Sobanet discussed the refunds to the public that will be triggered by Article X Section 20 of the Colorado Constitution (TABOR), and the impact of these refunds on capital construction, transportation, and other state spending priorities.

151214 AttachA.pdf151214 AttachA.pdf

09:15 AM

Mr. Sobanet returned to briefing the committee based on the contents of Attachment A. Mr. Sobanet responded to questions regarding the amount of revenue allowed to be captured under the TABOR limits, and the impact of TABOR on General Fund spending. Mr. Sobanet responded to further questions regarding spending for K-12 education as impacted by TABOR and other constitutional requirements, and the hospital provider fee issue. Discussion ensued regarding a line item entitled "Transfer to Funds" on page 4 of Attachment A.

09:26 AM

Mr. Sobanet responded to questions regarding the likelihood that federal mineral lease moneys will be accessed to help balance the budgets in FY 2016-17, and the long-term solvency of proposed solutions to the hospital provider fee issue. Mr. Sobanet wrapped up his presentation by reviewing the capital construction and controlled maintenance spending outlook for FY 2016-17. Discussion ensued regarding OSPB's capital spending priorities for FY 2016-17, and spending in particular on controlled maintenance. Discussion returned to the hospital provider fee issue.