Bill > SB223

This bill modifies the mill levy equalization funding for charter schools authorized by the Charter School Institute (CSI). Beginning in the 2025-26 budget year, the bill prohibits distributing mill levy equalization funds to multi-district online schools authorized by the institute. The bill also changes how funds are distributed, requiring that the institute distribute money on an equal per-pupil basis, excluding pupils from multi-district online schools. Additionally, starting in the 2024-25 budget year, if an institute charter school receives additional mill levy revenue from its local school district, the General Assembly will reduce the mill levy equalization funding by that amount. To implement these changes, the bill decreases the state education fund appropriation for CSI mill levy equalization by $1,008,494 for the 2025-26 fiscal year. Mill levy equalization is a funding mechanism designed to provide additional financial support to charter schools by equalizing the local tax revenue they can access, ensuring more consistent funding across different school districts.

Budget and Finance

https://leg.colorado.gov/bills/sb25-223