diff --git a/cfml.parsing/src/main/antlr4/cfml/CFSCRIPTParser.g4 b/cfml.parsing/src/main/antlr4/cfml/CFSCRIPTParser.g4
index 0e4c672..3b72c01 100644
--- a/cfml.parsing/src/main/antlr4/cfml/CFSCRIPTParser.g4
+++ b/cfml.parsing/src/main/antlr4/cfml/CFSCRIPTParser.g4
@@ -505,8 +505,11 @@ cfmlExpression
 	
 // FINAL is Lucee's immutable local; it takes the same shape as VAR and may combine
 // with it, as in `final var x = 1;`.
-localAssignmentExpression 
-	:	(VAR | FINAL VAR? | VAR FINAL) left=startExpression ( (EQUALSOP otherIdentifiers)* EQUALSOP right=startExpression )? //-> ^( VARLOCAL identifier ( EQUALSOP baseExpression )? )
+// STATIC sits here alongside FINAL because `static x = 1;` is a declaration, not a function.
+// Without it, STATIC is only reachable as a functionModifier, so functionDeclaration wins
+// prediction and then finds no FUNCTION token -- see #63.
+localAssignmentExpression
+	:	(VAR | (FINAL | STATIC) VAR? | VAR (FINAL | STATIC)) left=startExpression ( (EQUALSOP otherIdentifiers)* EQUALSOP right=startExpression )? //-> ^( VARLOCAL identifier ( EQUALSOP baseExpression )? )
 	;
 	
 otherIdentifiers:
diff --git a/cfml.parsing/src/main/java/cfml/parsing/cfscript/CFVarDeclExpression.java b/cfml.parsing/src/main/java/cfml/parsing/cfscript/CFVarDeclExpression.java
index 658ec6b..254aee1 100644
--- a/cfml.parsing/src/main/java/cfml/parsing/cfscript/CFVarDeclExpression.java
+++ b/cfml.parsing/src/main/java/cfml/parsing/cfscript/CFVarDeclExpression.java
@@ -16,6 +16,8 @@ public class CFVarDeclExpression extends CFExpression {
 	private CFExpression init; // null if none
 	/** True for Lucee's `final x = 1;`, which is a different declaration from `var x = 1;`. */
 	private boolean finalDecl = false;
+	/** True for `static x = 1;`, a component-level static member rather than a local. */
+	private boolean staticDecl = false;
 	List<CFIdentifier> otherVars = new ArrayList<CFIdentifier>();
 	List<CFIdentifier> otherIds = new ArrayList<CFIdentifier>();
 	
@@ -42,7 +44,7 @@ public CFVarDeclExpression(Token _t, CFExpression _var, CFExpression _init) {
 	@Override
 	public String Decompile(int indent) {
 		StringBuilder s = new StringBuilder(Indent(indent));
-		s.append(finalDecl ? "final " : "var ");
+		s.append(staticDecl ? "static " : finalDecl ? "final " : "var ");
 		s.append(var.Decompile(0));
 		for (CFIdentifier id : otherVars) {
 			s.append(" = var ");
@@ -66,6 +68,14 @@ public boolean isFinal() {
 	public void setFinal(boolean b) {
 		finalDecl = b;
 	}
+
+	public boolean isStatic() {
+		return staticDecl;
+	}
+
+	public void setStatic(boolean b) {
+		staticDecl = b;
+	}
 	
 	public CFExpression getInit() {
 		return init;
diff --git a/cfml.parsing/src/main/java/cfml/parsing/cfscript/walker/CFExpressionVisitor.java b/cfml.parsing/src/main/java/cfml/parsing/cfscript/walker/CFExpressionVisitor.java
index 835d820..20d9520 100644
--- a/cfml.parsing/src/main/java/cfml/parsing/cfscript/walker/CFExpressionVisitor.java
+++ b/cfml.parsing/src/main/java/cfml/parsing/cfscript/walker/CFExpressionVisitor.java
@@ -185,6 +185,7 @@ public CFExpression visitLocalAssignmentExpression(LocalAssignmentExpressionCont
 		final CFExpression initExpression = ctx.right == null ? null : visit(ctx.right);
 		CFVarDeclExpression retval = new CFVarDeclExpression(ctx.start, visit(ctx.left), initExpression);
 		retval.setFinal(ctx.FINAL() != null);
+		retval.setStatic(ctx.STATIC() != null);
 		if (ctx.otherIdentifiers().size() > 0) {
 			for (OtherIdentifiersContext oi : ctx.otherIdentifiers()) {
 				CFIdentifier otherid = (CFIdentifier) visit(oi.identifier());
diff --git a/cfml.parsing/src/test/resources/cfml/tests/components/static_assignment_63.cfc b/cfml.parsing/src/test/resources/cfml/tests/components/static_assignment_63.cfc
new file mode 100644
index 0000000..056a4d4
--- /dev/null
+++ b/cfml.parsing/src/test/resources/cfml/tests/components/static_assignment_63.cfc
@@ -0,0 +1,9 @@
+component {
+	static myStatic = "v";
+	final myConst = "c";
+
+	function f() {
+		var local1 = myStatic;
+		return local1;
+	}
+}
diff --git a/cfml.parsing/src/test/resources/cfml/tests/components/static_assignment_63.expected.txt b/cfml.parsing/src/test/resources/cfml/tests/components/static_assignment_63.expected.txt
new file mode 100644
index 0000000..d426b7e
--- /dev/null
+++ b/cfml.parsing/src/test/resources/cfml/tests/components/static_assignment_63.expected.txt
@@ -0,0 +1,144 @@
+/*===TOKENS===*/
+COMPONENT                <component>
+'{'                      <{>
+Hidden:NEWLINE                  <>
+STATIC                   <static>
+IDENTIFIER               <myStatic>
+'='                      <=>
+OPEN_STRING              <">
+STRING_LITERAL           <v>
+CLOSE_STRING             <">
+';'                      <;>
+Hidden:NEWLINE                  <>
+FINAL                    <final>
+IDENTIFIER               <myConst>
+'='                      <=>
+OPEN_STRING              <">
+STRING_LITERAL           <c>
+CLOSE_STRING             <">
+';'                      <;>
+Hidden:NEWLINE                  <>
+FUNCTION                 <function>
+IDENTIFIER               <f>
+'('                      <(>
+')'                      <)>
+'{'                      <{>
+Hidden:NEWLINE                  <>
+VAR                      <var>
+IDENTIFIER               <local1>
+'='                      <=>
+IDENTIFIER               <myStatic>
+';'                      <;>
+Hidden:NEWLINE                  <>
+RETURN                   <return>
+IDENTIFIER               <local1>
+';'                      <;>
+Hidden:NEWLINE                  <>
+'}'                      <}>
+Hidden:NEWLINE                  <>
+'}'                      <}>
+Hidden:NEWLINE                  <>
+/*===TREE===*/
+(scriptBlock
+  (componentDeclaration
+    component
+    (componentGuts
+      {
+      (element
+        (statement
+          (localAssignmentExpression
+            static
+            (startExpression
+              (baseExpression (unaryExpression (memberExpression (identifier myStatic))))
+            )
+            =
+            (startExpression
+              (baseExpression
+                (unaryExpression
+                  (primaryExpression
+                    (literalExpression (stringLiteral " (stringLiteralPart v) "))
+                  )
+                )
+              )
+            )
+          )
+          (endOfStatement ;)
+        )
+      )
+      (element
+        (statement
+          (localAssignmentExpression
+            final
+            (startExpression
+              (baseExpression (unaryExpression (memberExpression (identifier myConst))))
+            )
+            =
+            (startExpression
+              (baseExpression
+                (unaryExpression
+                  (primaryExpression
+                    (literalExpression (stringLiteral " (stringLiteralPart c) "))
+                  )
+                )
+              )
+            )
+          )
+          (endOfStatement ;)
+        )
+      )
+      (element
+        (functionDeclaration
+          function
+          (identifier f)
+          (
+          parameterList
+          )
+          (compoundStatement
+            {
+            (statement
+              (localAssignmentExpression
+                var
+                (startExpression
+                  (baseExpression (unaryExpression (memberExpression (identifier local1))))
+                )
+                =
+                (startExpression
+                  (baseExpression (unaryExpression (memberExpression (identifier myStatic))))
+                )
+              )
+              (endOfStatement ;)
+            )
+            (statement
+              (returnStatement
+                return
+                (anExpression
+                  (startExpression
+                    (baseExpression (unaryExpression (memberExpression (identifier local1))))
+                  )
+                )
+              )
+              (endOfStatement ;)
+            )
+            }
+          )
+        )
+      )
+      }
+    )
+  )
+)
+/*======*/
+/*===DECOMPILE===*/
+component {
+  {
+    static myStatic = 'v';
+    final myConst = 'c';
+    public function f()       {
+        var local1 = myStatic;
+        return local1;
+
+      };
+
+  }
+}
+/*======*/
\ No newline at end of file