Second Regular Session | 71st General Assembly
Colorado General AssemblyIntroduced House Bill 18-1379
The purpose of this booklet is to help readers understand how Colorado finances its public elementary and secondary schools. The major focus of this booklet is an explanation of the funding formula included in the Public School Finance Act of 1994, including amendments made to the act in 2015....
Legislative Council Staff conducts a study of the cost of living in each school district every two years to update the cost-of-living factors used in the state's school finance funding formula as required by state law. The first study was conducted in 1993, and a study has been...
2017 Colorado School District Cost of Living Analysis
Pursuant to Section 22-55-104 C.R.S., Legislative Council Staff, in consultation with the State Auditor, the State Treasurer, the Department of Education, the Office of State Planning and Budgeting, and the Joint Budget Committee, is required to conduct a review of the model used to forecast...
Public K-12 eduction in Colorado is financed in part by local governments and in part by state government. The school finance formula establishes a statewide total funding level. The difference between this amount and the local share determines the state’s obligation to school finance. The...
Senate Bill 17-296 amends the Public School Finance Act of 1994 to provide funding for school districts in FY 2017-18. The bill was signed by the Governor on June 2, 2017, and became effective on that date. Senate Bill 17-254, the "Long Bill," appropriates most of the state aid distributed to...
The final Residential Assessment Rate Study released by the Division of Property Taxation on April 17, 2017 estimates a residential assessment rate of 7.20 percent for 2017 and 2018. The General Assembly must pass a bill before this rate becomes law. Compared with the baseline forecast which...