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State Education Fund Report (2016)

Subjects
Education & School Finance (Pre & K-12)
State Revenue & Budget
Published
02/01/2016

The forecast for the State Education Fund and the level of General Fund appropriations needed to pay for school finance has changed from when the General Assembly adjourned in May 2015. Property values grew rapidly in 2015, and are expected to continue to grow over the next few years, helping to boost the local contribution to school finance. In contrast, expectations for income taxes have fallen, decreasing projected deposits into the State Education Fund and the General Fund. This report assumes the 2016 supplemental school finance bill is adopted, the value of the negative factor remains at $831 million, and the balance in the State Education Fund is reduced to $100 million in FY 2016-17 and beyond. As a result, General Fund support for school finance will need to increase 8.3 percent and 8.1 percent, respectively, in the next two budget years. This entails year-over-year increases in General Fund support for school finance of $273 million in FY 2016-17 and $291million in FY 2017-18.

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.