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Bill > HB1448

CO HB1448

New Public School Finance Formula

summary

Introduced
04/11/2024
In Committee
05/04/2024
Crossed Over
05/16/2024
Passed
05/16/2024
Dead
Signed/Enacted/Adopted
05/23/2024

Introduced Session

2024 Regular Session

Bill Summary

CONCERNING THE CREATION OF A MODERNIZED APPROACH TO FUNDING PUBLIC EDUCATION, AND, IN CONNECTION THEREWITH, MAKING AND REDUCING AN APPROPRIATION.

AI Summary

This bill creates a modernized approach to funding public education in Colorado. Key provisions include: - Redesigning and modernizing Colorado's public school finance formula to prioritize equity by focusing on individual student needs, recognize differences among school districts and public schools related to size, remoteness, and cost of living, promote greater understanding of public education funding, and responsibly phase in the new formula over time. - Requiring the Department of Education to report annually on the successes, challenges, and trends in implementing the new formula. - Modifying the calculation and distribution of the override mill levy match to ensure more equitable funding distributions and greater access to funding for eligible districts and institute charter schools. - Increasing the maximum total annual payments for financed purchase of asset or certificate of participation agreements for public school facility capital construction projects. - Making various other technical and conforming changes to the Public School Finance Act. Overall, the bill aims to create a more equitable and transparent school finance system that better addresses the needs of students, educators, communities, and schools across Colorado.

Committee Categories

Budget and Finance, Education

Sponsors (59)

Jennifer Bacon (D)*,  Paul Lundeen (R)*,  Julie McCluskie (D)*,  Rachel Zenzinger (D)*,  Judith Amabile (D),  Mark Baisley (R),  Shannon Bird (D),  Andrew Boesenecker (D),  Mary Bradfield (R),  Jeff Bridges (D),  Kyle Brown (D),  Janet Buckner (D),  James Coleman (D),  Lindsey Daugherty (D),  Monica Duran (D),  Regina English (D),  Elisabeth Epps (D),  Tony Exum (D),  Rhonda Fields (D),  Bob Gardner (R),  Joann Ginal (D),  Tim Hernández (D),  Leslie Herod (D),  Junie Joseph (D),  Chris Kennedy (D),  Cathy Kipp (D),  Barbara Kirkmeyer (R),  Mandy Lindsay (D),  Larry Liston (R),  Meghan Lukens (D),  Mike Lynch (R),  Javier Mabrey (D),  Matt Martinez (D),  Tisha Mauro (D),  Karen McCormick (D),  Barbara McLachlan (D),  Kyle Mullica (D),  David Ortiz (D),  Byron Pelton (R),  Rod Pelton (R),  Kevin Priola (D),  Rose Pugliese (R),  Janice Rich (R),  Naquetta Ricks (D),  Dylan Roberts (D),  Manny Rutinel (D),  Cleave Simpson (R),  Emily Sirota (D),  Jim Smallwood (R),  Matt Soper (R),  Brianna Titone (D),  Alex Valdez (D),  Kevin Van Winkle (R),  Elizabeth Velasco (D),  Ron Weinberg (R),  Michael Weissman (D),  Perry Will (R),  Steven Woodrow (D),  Mary Young (D), 

Last Action

Governor Signed (on 05/23/2024)

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Document Type Source Location
State Bill Page https://leg.colorado.gov/bills/hb24-1448
Fiscal Note FN5 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1448_f1.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1448_enr.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1448_rer.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1448_rev.pdf
Senate Appropriations Amendment J.005 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/4A1DD01F3467BCF987258B13007E6129/HB1448_J.005.pdf
Senate Appropriations Amendment L.057 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/0E63695994FC526787258B1300724DA7/HB1448_L.057.pdf
Senate Appropriations Amendment L.056 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/A887737B10DF6C5787258B130072413E/HB1448_L.056.pdf
Fiscal Note FN4 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1448_r3.pdf
Fiscal Note/Analysis - Budget Staff Analysis SA2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1448_sen.pdf
Senate Education Amendment L.052 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/0EE5B97ADF8899CF87258B120059BF4E/HB1448_L.052.pdf
Senate Education Amendment L.053 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/FB3366632A21301587258B120066F863/HB1448_L.053.pdf
Senate Education Amendment L.051 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/1C7DE0EFB51C4C5587258B12005839BE/HB1448_L.051.pdf
Fiscal Note FN3 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1448_r2.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1448_ren.pdf
Third Reading Amendment L.048 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/31C8D46BBF54550387258B100055DFEA/HB1448_L.048.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1448_eng.pdf
Second Reading Amendment L.043 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/D18DB700BC470AE287258B0F005EAB0A/HB1448_L.043.pdf
Second Reading Amendment L.046 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/C2B584637ECBC13087258B0F0067EFE7/HB1448_L.046.pdf
Second Reading Amendment L.033 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/C1C91AC19F393A5987258B0F004F4DAC/HB1448_L.033.pdf
Second Reading Amendment L.040 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/C9BBC9666E2172C587258B0F005F1599/HB1448_L.040.pdf
Second Reading Amendment L.045 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/5A415223BA2CEF3187258B0F0066240E/HB1448_L.045.pdf
Fiscal Note FN2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1448_r1.pdf
House Appropriations Amendment J.002 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/7C17F2BA8D6413DC87258B0B001539DE/HB1448_J.002.pdf
House Appropriations Amendment L.030 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/2F83BC4C1745B32887258B0B00123C3B/HB1448_L.030.pdf
House Appropriations Amendment L.028 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/B7B247EFCF76DF2287258B0B0006C9F5/HB1448_L.028.pdf
House Appropriations Amendment L.026 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/AC989692A50185E687258B0A004CAC78/HB1448_L.026.pdf
House Appropriations Amendment L.025 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/543AF123E6F73FC587258B0B00069F76/HB1448_L.025.pdf
House Appropriations Amendment L.023 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/A1F0C71E0D784E5487258B0B00065F22/HB1448_L.023.pdf
House Appropriations Amendment L.022 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/6B1B0F36FD408BB787258B0B0006467B/HB1448_L.022.pdf
House Appropriations Amendment L.021 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/AC1ACDB4E803A9ED87258B0B0006307A/HB1448_L.021.pdf
House Appropriations Amendment L.020 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/7B777777D800468687258B0B000609B1/HB1448_L.020.pdf
House Appropriations Amendment L.018 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/ABF216ED336B92F387258B0A004C1290/HB1448_L.018.pdf
House Appropriations Amendment L.029 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/057E6F349843E11887258B0B0010A6C9/HB1448_L.029.pdf
House Appropriations Amendment L.017 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/1B149D986A7FBAEA87258B080068C547/HB1448_L.017.pdf
Fiscal Note/Analysis - Budget Staff Analysis SA1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1448_hse.pdf
House Education Amendment L.008 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/1759EE5C117E52A587258B0300571BD7/HB1448_L.008.pdf
House Education Amendment L.003 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/7B90D2485DB305CB87258B0300621682/HB1448_L.003.pdf
Fiscal Note FN1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1448_00.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1448_01.pdf
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