3CE645D677407103872585830069E76F Hearing Summary CLICS/CLICS2020A/commsumm.nsf PUBLICBILL SUMMARY For HB20-1418SENATE COMMITTEE ON FINANCEDate Jun 10, 2020 Location SCR 357 HB20-1418 - Referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/9ACA212B98A1...$File/200610 AttachG.pdf?OpenElement 200610 AttachG.pdf 01:16:48 PM Senator Todd, prime sponsor, presented House Bill 20-1418. This bill is the 2020 School Finance Act that sets funding levels for Colorado's 178 P-12 school districts. Senator Todd explained the effect of the bill and discussed its need. Senator Lundeen discussed some potential changes to the bill. No witnesses testified on the bill. 01:43:09 PM Discussion ensued regarding provisions in HB 20-1418 that may enable tax increases for education, and a potential amendment to remove these provisions. 01:55:37 PM Senator Lundeen explained the effect of amendment L.011 (Attachment G). Discussion ensued regarding the merits of the amendment. 02:11:08 PM Motion Adopt amendment L.011 Moved Lundeen Seconded Hansen No Lundeen Yes Rodriguez No Tate Yes Woodward Yes Todd No Gonzales No YES: 3 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: FAIL 02:13:14 PM Various committee members provided their positions on HB 20-1418. 02:16:00 PM Motion Refer House Bill 20-1418 to the Committee on Appropriations. Moved Todd Seconded Hansen Yes Lundeen No Rodriguez Yes Tate Yes Woodward No Todd Yes Gonzales Yes Final YES: 5 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS