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Issue Briefs

The Impact of Tax Increment Financing on School Finance

Subjects
Education & School Finance (Pre & K-12)
Fiscal Policy & Taxes
Published
08/29/2017

Public K-12 eduction in Colorado is financed in part by local governments and in part by state government.  The school finance formula establishes a statewide total funding level.  The difference between this amount and the local share determines the state’s obligation to school finance.  The local share is paid primarily from local property taxes.  When property taxes are not collected from a specific property, the funding formula requires the state to augment its share of K-12 education funding by the amount of foregone local tax revenue.  This issue brief discusses the impact of tax increment financing on the state and local shares of K-12 education funding.

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.