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Staff Publications

State Education Fund Report (2015)

Subject
Education & School Finance (Pre & K-12)
Published
02/02/2015

The forecast for the State Education Fund and the level of General Fund appropriations needed to pay for school finance have changed from when the General Assembly adjourned in May 2014. Property values are expected to grow more rapidly over the next few years, helping to boost the local contribution to school finance. Similarly, income tax receipts continue to grow, increasing deposits into the State Education Fund and the General Fund. This report assumes the 2015 supplemental school finance bill is adopted, the value of the negative factor remains at $880 million, and the balance in the State Education Fund is reduced to $300 million in FY 2015-16 and $100 million in FY 2016-17. As a result, General Fund support for school finance will need to increase 5.8 percent and 9.9 percent, respectively, in the next two budget years. This entails year-over-year increases in General Fund support for school finance of $183 million in FY 2015-16, and $334 million in FY 2016-17. The Governor's proposal to provide additional one-time funding of almost $200 million in FY 2015-16 would reduce the SEF balance to almost $100 million, requiring an increase in General Fund support for school finance of $524 million in FY 2016-17.

Pursuant to HJR20-1007, the Second Regular Session of the 72nd General Assembly is Temporarily Adjourned until 10:00 a.m., Monday, March 30, 2020. 

COVID-19 Resources

Temporary Guidelines for Review and Comment Meetings

The legislature will meet in limited session on Monday, March 30th. The Capitol will be open for the duration of the session for those with essential business related to the session. The building will not be available for public tours. People without essential business are encouraged to access the session through the General Assembly website and Colorado Channel.  Anybody with essential business related to the session will be required to practice appropriate social distancing measures.