The Financing of Public Schools

House Bill 20-1418 amended the Public School Finance Act of 1994 to provide funding for school districts in FY 2020-21.  The bill was signed by the Governor on June 30, 2020, and took effect on that date.  This memorandum summarizes the primary funding changes for school finance contained in this bill.  Estimates in this memorandum will be adjusted during the 2021 legislative session based on actual pupil counts and local property tax collections.