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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

School finance - mid-year adjustment to state share of total program funding - appropriation. 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 act declares the general assembly's intent to reduce state share of total program funding to maintain the dollar amount of the budget stabilization factor established during the 2018 legislative session. The act adjusts the amount of total program funding specified in statute to reflect this intent.

The act 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 this bill as enacted.)

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

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.