18CE2644C8ED54A2872588AE0071B087 Hearing Summary CLICS/CLICS2022A/commsumm.nsf PUBLICBILL SUMMARY For REVIEW OF BREAKOUT GROUPS AND DISCUSSION OF BILL DRAFT REQUESTSINTERIM COMMITTEE LEGISLATIVE INTERIM COMMITTEE ON SCHOOL FINANCEDate Aug 30, 2022 Location SCR 357 Review of Breakout Groups and Discussion of Bill Draft Requests - Committee Discussion Only Attachment Tag File Name Attachment B http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/895E8BBFA87B...$File/Attachment B.pdf?OpenElement Attachment B.pdf Attachment C http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/F5D8F4455FDB...$File/Attachment C.pdf?OpenElement Attachment C.pdf 02:41:51 PM Chair McCluskie called the meeting back to order. Committee members reported on the discussions in the two breakout groups. 02:42:43 PM The group in SCR 357 discussed the getting an overall cost of educating a student analysis, looking at the cost of living from different angles, the cost of doing business factor, wage index, student-centered approach or building perspective, and cost of living factor and where it occurs in the formula. The group in SCR 352 discussed COLA weight applied in the formula, size factor and its interaction with the BS factor, replacing the size factor with the sparsity factor, and taking a look at the impact of COLA if adjusted, limited, eliminated, or rolled into another factor. 02:56:44 PM Mr. Thomas Rosa, Legislative Council Staff, came to the table to answer questions about the school finance simulation tool. 02:57:44 PM Committee discussion ensued regarding discussions in the breakout groups. Committee discussion ensued on changes in several factors when replacing, adjusting, or eliminating factors in the school finance formula. 03:02:54 PM Ms. Anna Gerstle, Legislative Council Staff, discussed a handout on FY 2022-23 BEST applications and approved projects and a handout on preliminary list of state grant programs administered by CDE. The handouts are available as Attachment B and Attachment C. 03:08:00 PM Ms. Julie Pelegrin and Mr. Jacob Baus, Legislative Legal Services, came to the table to discuss the process for requesting bill drafts.