Colorado school finance bill boosts K-12 spending to $9 billion, steers clear of formula changes

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The bill, SB23-287, could set Colorado on the path to fully funding its schools according to constitutional requirements by the 2024-25 school year.

The Colorado State Capitol is the center of attention in the next few days as the 2021 legislative session comes to a close.Colorado’s school finance act would boost K-12 funding next year to more than $9 billion — $150 million more than described in the recently finalized“The change to school finance is historic,” said Joint Budget Committee Chair Rachel Zenzinger.

The school finance act would also set aside money for rural districts and those with limited property wealth and give more assistance to charter schools authorized by the state, which miss out on local revenue-sharing. But the school finance act also kicks the can down the road — for at least one more year — on any bigger changes to how Colorado distributes money to K-12 schools.

 

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