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SB19-128

School Finance Mid-year Adjustments

Concerning adjustments to appropriations in the 2018-19 fiscal year for state share of total program funding for school finance, and, in connection therewith, making and reducing appropriations.
Session:
2019 Regular Session
Subject:
Education & School Finance (Pre & K-12)
Bill Summary

Joint Budget Committee. The general assembly recognizes that the actual funded pupil count and the actual at-risk pupil count for the 2018-19 budget year are lower than anticipated when the appropriation amount was established during the 2018 legislative session. In addition, local property tax and specific ownership tax receipts are more than anticipated, increasing the local share of total program funding.

The bill declares the general assembly's intent to reduce state share of total program funding to maintain the budget stabilization factor established during the 2018 legislative session. The bill adjusts the amount of total program funding specified in statute to reflect this intent.

The bill makes an appropriation to the department of education to correct errors in the calculation and distribution of at-risk funding to the state charter school institute in 2 previous budget years.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    03/28/2019 Signed Act PDF
    03/19/2019 Final Act PDF
    02/15/2019 Rerevised PDF
    02/14/2019 Revised PDF
    02/07/2019 Reengrossed PDF
    02/06/2019 Engrossed PDF
    02/04/2019 Introduced PDF