Page 1
April 15, 2024 HB 24-1448
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Fiscal Note
Drafting Number:
Prime Sponsors:
LLS 24-0977
Rep. McCluskie; Bacon
Sen. Lundeen; Zenzinger
Date:
Bill Status:
Fiscal Analyst:
April 15, 2024
House Education
Anna Gerstle | 303-866-4375
anna.gerstle@coleg.gov
Bill Topic: NEW PUBLIC SCHOOL FINANCE FORMULA
Summary of
Fiscal Impact:
☒ State Revenue
☒ State Expenditure
☒ State Diversion
☐ TABOR Refund
☐ Local Government
☒ School District
The bill creates a new school finance formula, starting in FY 2025-26, and restructures
the distribution of public school lands revenue and Permanent Fund interest. The bill
changes how money flows into various funds, may impact state revenue, and increases
state expenditures and school district funding on an ongoing basis.
Appropriation
Summary:
For FY 2024-25, the bill requires a net appropriation increase of $13,584,344 to the
Colorado Department of Education. See State Appropriations Section.
Fiscal Note Status: The fiscal note reflects the introduced bill.
Table 1. State Fiscal Impacts Under HB 24-1448
Budget Year
FY 2024-25
Out Year
FY 2025-26
Expenditures School Finance
1
- $84,752,413
General Fund $2,084,344 $190,104
Public School Cap Constr. Assist. Fund $11,500,000 $26,500,000
State Education Fund $10,000,000 $15,000,000
Centrally Appropriated $39,415 $39,415
Total Expenditures $23,623,759 $126,481,932
Total FTE 2.0 FTE 2.0 FTE
Diversions Permanent Fund ($1.5 million) ($11.5 million)
Perm Fund. Interest Earnings ($2.5 million) ($2.5 million)
State Land Board Admin Fund $2.5 million $2.5 million
State Public School Fund ($10.0 million) ($15.0 million)
Public School Cap Constr. Assist. Fund - $14.5 million
Charter School Facilities Account $11.5 million $12.0 million
Net Diversion $0 $0
Other Budget Impacts General Fund Reserve $312,652 $28,516
1
The state share of school finance is paid by the General Fund, State Education Fund, and State Public School
Fund.
2
The Charter Schools Facilities Account is in the Public School Capital Construction Assistance Fund. Page 2
April 15, 2024 HB 24-1448
Summary of Legislation
Beginning in FY 2025-26, the bill creates a new school finance formula to establish total
program funding for the state’s 178 school districts, to be phased in over six years. The bill also
restructures the distribution of public school land proceeds and Permanent Fund interest and
income for public schools.
New School Finance Formula
Under the bill, a district’s total program funding is calculated as follows, with each component of
the new formula discussed in more detail below.
District Total Program Funding =
Foundation funding
base per pupil x funded pupil count without online and extended high school
+
At-risk funding
base per pupil x 0.25 x at-risk student count
+
English Language Learner (ELL) funding
base per pupil x 0.25 x ELL student count
+
Special education funding
base per pupil x 0.25 x special education student count
+
Cost of living funding
base per pupil x cost of living factor x funded pupil count without online/extended high school
+
Size funding
base per pupil x size factor x funded pupil count without online and extended high school
+
Locale funding
base per pupil x locale factor x funded pupil count without online and extended high school
+
Online and extended high school funding
flat per pupil rate x online and extended high school count
Formula structure. Under current law, a district’s cost of living and size factors are used
multiplicatively to calculate a preliminary per pupil amount, which is then used to calculate a
district’s at-risk and ELL funding. The bill removes this multiplicative structure. Instead, each
factor is calculated directly using the base per pupil amount, and then funding for each factor is
additively summed to calculate total district funding.
Funded pupil count. The bill makes two changes to the calculation of a district’s funded pupil
count. Page 3
April 15, 2024 HB 24-1448
Averaging of student counts. Under current law, a district’s funded pupil count is the greater
of a district’s current year student count, or a two-, three-, four-, or five-year average of
student counts. The bill eliminates the fifth year of averaging, so that the funding pupil
count is the greatest of the current year student count or the average count over two, three,
or four years.
Minimum funded pupil count. Under current law, a district receives funding for the greater
of their calculated funded pupil count or 50 pupils. The bill increases the minimum funded
pupil count to 60.
Foundation funding. The base per pupil amount, which is $8,496.38 for FY 2024-25 and
constitutionally required to increase each year by at least the rate of inflation, is multiplied by
the district’s funded pupil count to determine a district’s foundation funding.
Student factors. The bill modifies the current at-risk and ELL factors, and creates a new factor
providing funding based on the number of special education students in a district. At-risk, ELL,
and special education factors are calculated directly off the base per pupil amount.
At-risk. The bill increases the at-risk factor from 0.12 to 0.25, and eliminates the current
at-risk concentration factor. The bill does not change how at-risk students are counted.
ELL. The bill increases the ELL factor from 0.08 to 0.25.
Special education. The bill adds a new factor for special education students, set at 0.25. The
bill does not change categorical funding for special education.
Online and extended high school. The bill does not change how online and extended high
school funding are calculated. Under both current law and the bill, extended high school and
online students are funded at a flat per student rate ($9,738 in FY 2023-24), which grows
annually by the rate of inflation thereafter.
District factors. The bill modifies the calculation of the size and cost of living factors and
creates a new locale factor for some districts. District factors are calculated directly off the base
per pupil amount.
Cost of living. Under current law, district cost of living factors are applied only to the portion
of the base associated with personnel costs, and because of the way they are calculated, can
never decrease. Under the bill, a district’s cost of living factor is applied to the full base. In
addition, factors are recalculated every two years by comparing district cost of living to the
cost in the lowest cost of living district. Cost of living factors can thus increase or decrease
every two years when recalculated, but cannot exceed 0.23.
Size. The bill utilizes the same size factor calculation structure as is in current law, except that
only districts with a funded pupil count of 6,500 or less receive size factor funding. The new
formula does not include the existing size factor smoothing and charter school subtraction
provisions.
Locale. The bill adds a new factor based on a district’s locale designation, as determined by
the federal National Center for Education Statistics. Only districts with the following locale
designations receive funding, at the weight in parenthesis. Page 4
April 15, 2024 HB 24-1448
o Rural Fringe (0.15)
o Rural Distant (0.2)
o Rural Remote (0.25)
o Town Fringe (0.025)
o Town Distant (0.05)
o Town Remote (0.10)
If the federal locale factor designation does not align with a district’s actual characteristics,
the Colorado Department of Education (CDE), in consultation with Legislative Council Staff,
may adjust the designation accordingly.
Implementation. The bill phases in the implementation of the new formula over six years,
including a hold harmless provision for districts and a process for reviewing implementation.
Phase in period. The bill phases in the costs associated with the new formula over six years.
Districts receive total program as calculated under the current formula, plus:
o 18 percent of the difference between the total program calculated under the current
formula and the new formula in FY 2025-26;
o 34 percent of the difference in FY 2026-27,
o 50 percent of the difference in FY 2027-28;
o 66 percent of the difference in FY 2028-29; and
o 82 percent of the difference in FY 2029-30.
Beginning in FY 2030-31, a district’s total program is calculated based solely on the new
formula.
Hold harmless. If a district’s new total program is less than they would receive under the
current formula, the district receives its total program under the current formula. The hold
harmless provision remains in place through FY 2029-30, the last year of the phase-in period.
Review of new formula. During the phase in period, the Joint Budget Committee (JBC) must
monitor the fiscal impact of district total program determinations and consider economic
conditions, the trend of statewide local share, and any other relevant factors. The JBC and
General Assembly may take action to ensure the sustainable transition to the new formula.
Mill levy overrides. Under current law, school districts can levy mill levy overrides that
generate up to 25 percent of their total program funding (30 percent for small rural districts).
The bill aligns district mill levy override limits with total program funding under the new formula,
including the phased in amounts over six years and the fully implemented formula beginning in
FY 2030-31.
Studies. By June 30, 2025, the bill requires that the CDE contract for two studies. One study
must analyze weighted student budgeting, which is a school district budgeting practice that
allocates per pupil revenue to schools based on the individual student characteristics. The other
study must examine methods of counting students using multiple count days annually. The bill
specifies the General Assembly’s intent to implement a student enrollment count method based
on multiple days, beginning in FY 2026-27.
Page 5
April 15, 2024 HB 24-1448
Public School Lands Revenue & Distribution
The bill restructures how proceeds from public school lands in the State Land Trust and the
interest and income earned on those proceeds are distributed and utilized for public school
funding and capital construction.
Public school lands income. Under current law, proceeds from public school lands are used for
State Land Board operations in the Department of Natural Resources (DNR), then the greater of
$40 million or 50 percent is distributed to the Public School Capital Construction Assistance
Fund (PSCCAF) to support the Building Excellent Schools Today (BEST) program. Finally, any
remaining proceeds are deposited in the Permanent Fund to be invested. Under the bill, the
PSCCAF receives the greater of $40 million or:
50 percent plus $10 million in FY 2024-25;
50 percent plus $15 million in FY 2025-26; and
50 percent plus $21 million beginning in FY 2026-27.
Permanent Fund interest and income. Under current law, the interest and income earned on
the Permanent Fund is used for the Public School Fund Investment Board (PFIB) expenses,
distributed to the State Public School Fund (up to $21 million), and the PSCCAF (up to
$20.0 million). The bill makes the following changes to the distribution of Permanent Fund
interest and income:
reduces the distribution to the State Public School Fund to $11.0 million in FY 2024-25,
$6.0 million in FY 2025-26, and eliminates it beginning in FY 2026-27.
adds $11.0 million in FY 2024-25 and $6.0 million in FY 2025-26 to the principal of the
Permanent Fund;
specifies that the restricted account of the PSCCAF receives the remaining interest and
income earned on the Permanent Fund in FY 2024-25 and FY 2025-26, and all interest and
earnings beginning in FY 2026-27; and
shifts the Public School Fund Investment Board (PFIB) expenses from the Permanent Fund
interest to the public school lands income in the State Land Board Administration Fund.
Charter school facilities. The bill specifies that $11.5 million in FY 2024-25 be credited from the
PSCCAF to the Charter School Facilities Assistance Account, increasing annually to $15.0 million
by FY 2028-29.
Certificates of participation. The bill increases the limit on certificates of participation for
public school capital construction projects from $125 million to $150 million, beginning in
FY 2024-25.
Background
Current school finance formula. A detailed overview of the current school finance formula is
available here. Page 6
April 15, 2024 HB 24-1448
Public school lands. The State Land Board in the Department of Natural Resources manages
the public school lands, the proceeds from which are distributed to the BEST public school
capital construction program, cover State Land Board administrative costs, and are deposited
into the Permanent Fund. The Permanent Fund is an inviolate fund that is invested, with the
interest and earnings distributed to the State Public School Fund and to BEST.
Assumptions
The fiscal note assumes that the FY 2024-25 Long Bill will become law. It does not account for
other pending legislation impacting the school finance formula, including Senate Bill 24-188
(School Finance Act) and House Bill 24-1393 (Accelerating Students through Concurrent
Enrollment).
FY 2025-26. The projections in the fiscal note for FY 2025-26 utilize the Legislative Council Staff
March 2024 forecast for inflation (2.6 percent), and December 2023 forecast for student
enrollment counts and assessed values. Projected enrollment counts and assessed values are at
the district level, and contain typical forecast uncertainty.
Subsequent years. Beginning in FY 2026-27, the fiscal note utilizes high-level estimates, as
discussed below. These estimates have significantly more uncertainty, which increases with each
additional out year. Future-year estimates are best used to understand the interaction of the
phase-in with funding under the current formula and proposed formula changes.
Inflation. The fiscal note assumes the Legislative Council Staff March 2024 forecast for
inflation of 3.3 percent for FY 2026-27, and 2.3 percent for FY 2027-28. A forecast is not
available for subsequent years, so the fiscal note assumes a flat 2.3 percent inflation rate for
the remainder of the phase in period, through FY 2030-31.
Enrollment. District level enrollment estimates for FY 2026-27 and FY 2027-28 assume a
percent change for each district, based on recent trends and excluding any large
fluctuations. The estimated percent change was applied to all district enrollment counts for
each of the out years projected. The fiscal note does not include any adjustments to student
counts based on a multiple count day method beginning in FY 2026-27.
Local share. District level local share estimates for FY 2026-27 and FY 2027-28 were
developed using a weighted average of historical growth rates for assessed values for
different property classes over the last five reassessment and non-reassessment cycles.
State Revenue
Beginning in FY 2025-26, the bill reduces the amount of money deposited in the Permanent
Fund. To the extent that the reduction in the principal of the fund reduces the interest earned,
state revenue will decrease. The amount of the reduction will depend on investment decisions
and has not been estimated.
In addition, by shifting some expenditures from Permanent Fund interest and income to public
school land proceeds, the bill may require the State Land Board to adjust decisions in order to
generate additional public school lands revenue. Any additional revenue from public school
lands to cover the costs has not been estimated. Page 7
April 15, 2024 HB 24-1448
State Diversions
The bill modifies the flow of public school lands revenue and associated interest and income to
the Permanent Fund, State Public School Fund, PSCCAF, and the Charter School Facilities
Assistance Account. It also shifts PFIB expenses in the Department of Treasury from Permanent
Fund interest to the State Land Board Trust Administration Fund. These diversions of funds are
shown in Table 2.
Table 2
Changes to Diversion Under HB24-1448
Dollars in Millions
Fund FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29
Allocation of Public School Land Proceeds
PSCCAF $10.0 $15.0 $21.0 $21.0 $21.0
State Land Board Admin Fund $2.5 $2.5 $2.5 $2.5 $2.5
Permanent Fund ($12.5) ($17.5) ($23.5) ($23.5) ($23.5)
Total $0 $0 $0 $0 $0
Allocation of Interest/Earnings from Permanent Fund
State Public School Fund ($10.0) ($15.0) ($21.0) ($21.0) ($21.0)
Permanent Fund $11.0 $6.0 - - -
PSCCAF $1.5 $11.5 $23.5 $23.5 $23.5
PFIB Expenses ($2.5) ($2.5) ($2.5) ($2.5) ($2.5)
Total $0 $0 $0 $0 $0
Allocation to Charter School Facilities Account
PSCCAF ($11.5) ($12.0) ($13.0) ($14.0) ($15.0)
Charter School Facilities Account $11.5 $12.0 $13.0 $14.0 $15.0
Total $0 $0 $0 $0 $0
Net Diversions
Permanent Fund ($1.5) ($11.5) ($23.5) ($23.5) ($23.5)
Perm. Fund Interest ($2.5) ($2.5) ($2.5) ($2.5) ($2.5)
State Land Board Admin Fund $2.5 $2.5 $2.5 $2.5 $2.5
State Public School Fund ($10.0) ($15.0) ($21.0) ($21.0) ($21.0)
PSCCAF $0.0 $14.5 $31.5 $30.5 $29.5
Charter School Facilities Account $11.5 $12.0 $13.0 $14.0 $15.0
Total $0 $0 $0 $0 $0 Page 8
April 15, 2024 HB 24-1448
State Expenditures
The bill increases state expenditures by $23.6 million in FY 2024-25 and $126.5 million in
FY 2025-26. Costs continue to increase for the state share of school finance and CDE staff costs
in subsequent years. Costs are paid from the State Education Fund, PSCCAF, and General Fund,
with the capital construction costs offset by the reduced diversions to the State Public School
Fund and Permanent Fund discussed above. School finance costs beginning in FY 2025-26 may
be paid from the General Fund, State Education Fund, or State Public School Fund.
Table 2
Summary of Expenditures Under HB24-1448
FY 2024-25 FY 2025-26
Department of Education
State Share of School Finance - $84,752,413
Backfill for State Public School Fund $10,000,000 $15,000,000
BEST and Charter School Capital Construction $11,500,000 $26,500,000
Student Count & Budgeting Studies $1,843,400 -
Staff Costs (2.0 FTE) $240,944 $190,104
Centrally Appropriated Costs
1
$39,415 $39,415
Total Cost $23,623,759 $126,481,932
1
Centrally appropriated costs are not included in the bill's appropriation.
New School Finance Formula
FY 2025-26. In FY 2025-26, the first year of the phase in, the bill increases total program to
$10.0 billion, an increase of $89.2 million compared to current law. The state share increases by
$84.8 million and the local share increases by $4.5 million. Table 3 shows the changes in
FY 2025-26 under the bill, compared to current law. School districts impacts are further
discussed in the school district section below. Appendix A shows the change in school finance
funding for each school district as a result of the bill.
Table 3
Projected Change in School Finance Funding Under HB24-1448
Compared to current law
Fiscal Year
Pupil
Count
Per Pupil
Funding Total Program State Share Local Share
FY 2025-26 Current Law
Actual
844,281 $11,708 $9,884,759,731 $5,221,122,139 $4,663,637,592
FY 2025-26 Under Bill 839,933 $11,875 $9,974,000,700 $5,305,874,552 $4,668,126,148
Change (4,348) $167 $89,240,969 $84,752,413 $4,488,556
Percent Change -0.5% 1.4% 0.9% 1.6% 0.1% Page 9
April 15, 2024 HB 24-1448
Compared to FY 2024-25. Compared to projected funding in FY 2024-25, total program under
the bill will be $274.2 million higher than the prior year. This represents the change in funding
as a result of the bill, as well as the inflationary, enrollment, and assessed value changes that will
occur under current law and under the bill. It does not include changes to the formula in
Senate Bill 24-188 (School Finance Act) or House Bill 24-1393 (Accelerating Students through
Concurrent Enrollment).
Future years. The new formula will continue to be phased in though FY 2029-30, with each
district receiving the amount that it would receive under current law, plus an increasing portion
of the difference between current law funding and the new formula. Beginning in FY 2030-31,
districts will receive funding solely determined on the new formula, which will be fully phased in
and without a hold harmless provision.
The bill is expected to increase statewide total program year over year by approximately
$174.2 million in FY 2026-27, $267.1 million in FY 2027-28, $363.9 million in FY 2028-29,
$462.7 million in FY 2029-30, and $581.0 million when fully phased in in FY 2030-31. Figure 5
below shows the trajectory of the phase in on a statewide basis. Individual district trajectories
will vary, depending on how district characteristics and student attributes interact with both the
current and new formulas. Should actual enrollment and inflation deviate from these estimates,
total program amounts will differ.
Figure 5
Phase-in of New Statewide Total Program Under HB 24-1448
Nominal Dollars in Billions
Page 10
April 15, 2024 HB 24-1448
Changes to Distribution of Public School Lands Revenue
The changes to the distribution of public school lands revenue and Permanent Fund interest and
income result in increased expenditures for capital construction and for existing line items
currently funded with interest and income via the State Public School Fund.
Backfill for existing programs. By diverting Permanent Fund interest and income from the
State Public School Fund to other purposes, the bill requires funding to backfill the programs
that are currently funded out of the State Public School Fund. Those programs and the required
backfill amounts are shown in Table 6 below, and are based on the amounts in the Long Bill for
FY 2024-25. The fiscal note assumes that FY 2024-25 costs are paid out of the State Education
Fund, but ongoing costs could be paid out of the General Fund or State Education Fund.
Table 6
Backfill for Line Items Currently Funded by the State Public School Fund
Under HB24-1448
FY 2024-25 FY 2025-26 FY 2026-27
State Share of School Finance $5,000,000 $6,481,887 $6,481,887
At-Risk Per Pupil Additional Funding $5,000,000 $5,000,000 $5,000,000
At-Risk Supplemental Aid - $3,518,113 $7,009,989
State Match for National School Lunch Program - - $2,472,644
Printing of Education Laws - - $35,480
Total Cost $10,000,000 $15,000,000 $21,000,000
BEST and charter school construction. The PSCCAF supports the BEST program and charter
school capital construction. By modifying the diversion of public school lands proceeds and
Permanent Fund interest and income, the bill increases the amount available for capital
construction by $11.5 million in FY 2024-25, $26.5 million in FY 2025-26, and up to $44.5 million
in subsequent years. Of those amounts, the bill allocates $11.5 million in FY 2024-25 for charter
school capital construction, increasing annually until it reaches $15.0 million in FY 2028-29.
Exact amounts deposited in the PSCCAF and Charter School Facilities Account are listed in
Table 5 above. Charter school capital construction funds are allocated on a per pupil basis; the
other PSCCAF funds are allocated through the BEST program.
Administration & Contracting
Colorado Department of Education. CDE will incur staffing, contracting, and associated
contract costs to implement the new school finance formula and contract for the two required
studies. These costs are assumed to be paid from the General Fund.
Page 11
April 15, 2024 HB 24-1448
Table 7
CDE Administration and Contracting Costs Under HB 24-1448
FY 2024-25 FY 2025-26
Department of Education
Personal Services $187,544 $187,544
Operating Expenses $2,560 $2,560
Capital Outlay Costs $13,340 -
Contract Costs $1,800,000 -
Request for Proposals $43,400 -
Contract Data Staff $37,500 -
Centrally Appropriated Costs
1
$39,415 $39,415
Total Cost $2,123,759 $229,519
Total FTE 2.0 FTE 2.0 FTE
Staff. CDE requires 2.0 FTE in the School Finance Unit. In FY 2024-25, staff will manage the
two studies, including data support for the contractors, update systems and data protocols
to include the new formula, and support districts in the transition to the new formula.
Beginning in FY 2025-26, CDE staff will provide technical assistance and support to school
districts during the transition period to the new formula.
Studies. CDE will incur costs in FY 2024-25 only to contract with vendors for the student
count and weighted student budgeting studies required by the bill. Based on recent studies,
costs are estimated to range from $600,000 to $1.5 million per study. The fiscal note
assumes a cost of $1.8 million for both studies, to be allocated between them by CDE, based
on the bids received. CDE also requires $21,700 per study for the request for proposals and
$37,500 in temporary data management staff to support the student count study in FY 2024-
25 only. Temporary staff costs assume 300 hours at a standard rate of $125 per hour.
Department of Natural Resources. The Department of Natural Resources, which includes the
State Land Board, will have minimal workload increase to adjust materials and tracking related
to the public school lands proceeds and distributions. No change in appropriations is required.
Centrally appropriated costs. Pursuant to a Joint Budget Committee policy, certain costs
associated with this bill are addressed through the annual budget process and centrally
appropriated in the Long Bill or supplemental appropriations bills, rather than in this bill. These
costs, which include employee insurance and supplemental employee retirement payments, are
shown in Table 2.
Other Budget Impacts
General Fund reserve. Under current law, an amount equal to 15 percent of General Fund
appropriations must be set aside in the General Fund statutory reserve. If the additional school
finance costs are paid from the General Fund, the bill will increase the amount of General Fund
held in reserve, decreasing the amount of General Fund available for other purposes. Page 12
April 15, 2024 HB 24-1448
School Districts
As discussed in the State Expenditures section above, the bill increases total program in
FY 2025-26 to $10.0 billion, an increase of $89.2 million compared to current law. It increases the
state share by $84.8 million, and the local share by $4.5 million in FY 2025-26.
Figure 8 below shows the projected change in total program for each district in FY 2025-26, the
first year of the phase in. Appendix A includes individual district changes to funded pupil count,
total program, and state and local shares, comparing FY 2025-26 funding under the new formula
to current law. Other comparisons and maps will be available on the Legislative Council Staff
school finance simulation tool, available here.
Figure 8
FY 2025-26 Projected Change in Total Program
Compared to current law
First year of phase in; including hold harmless
Funded pupil count. By changing the averaging provision from five years to four years and
increasing the minimum funded pupil count to 60, the bill reduces the projected number of
funded pupils statewide by 4,348 in FY 2025-26, from 844,281 to 839,933. Individual district
funded pupil count changes range from a 593 student FTE reduction (Jefferson County) to a
10 student FTE increase (multiple districts). See Appendix A for district-level detail.
District funding. Under the bill, district total program impacts in FY 2025-26 range from flat
(six districts that are held harmless) to a 5.7 percent increase (Kim). Statewide average per pupil
funding in FY 2025-26 increases from $11,708 to $11,875, an increase of $167.
Page 13
April 15, 2024 HB 24-1448
District per pupil amounts decrease for five districts; these districts have increased total
program, but have greater percentage increases in their funded pupil count. District per pupil
amounts increase for 172 districts, with the largest per pupil increase in Edison, a district that is
held harmless but has a lower funded pupil count as a result of the bill. The per pupil funding
for one district (Moffat School District in Saguache County) does not change under the bill.
Hold harmless. Districts whose total program under the new formula is below what they would
receive under current law will receive their current law total program. This hold harmless
provision is expected to impact six districts in FY 2025-26, including Aspen, Telluride, Ouray,
Moffat (Saguache), Mesa Valley, and Edison. Some districts may remain in the hold harmless
throughout the phase in period, while others may move out of the hold harmless during the
phase in period if their new formula total program exceeds their current law hold harmless.
The hold harmless provision ends with the phase in FY 2030-31, when total program for all
districts will be calculated using the new formula.
Mill levy overrides. By aligning the mill levy override cap with the new formula and phase in,
the bill allows most districts to generate additional mill levy override revenue. Currently, there
are 13 districts with approved mill levies that float to their 25 or 30 percent cap in order to
collect the maximum allowable revenue.
Capital construction. As discussed above, the bill makes additional money available for the
BEST program and charter school capital construction. The amount of funding an individual
district receives depends on its participation in the BEST program.
Technical Note
As discussed above, the bill requires General Fund or State Education Fund expenditures for line
items that are currently funded by interest and earnings in the State Public School Fund.
Current law requires that the printing of education laws and up to $3.8 million for at-risk
supplemental aid to be paid from the State Public School Fund. As a result, statutory changes
are required to switch the funding source for these line items, which would be necessary
beginning in FY 2025-26. The fiscal note assumes that these statutory changes will be made.
Effective Date
The bill takes effect upon signature of the Governor, or upon becoming law without his
signature.
State Appropriations
For FY 2024-25, the bill requires the following appropriations to the Colorado Department of
Education:
an increase of $2,084,344 from the General Fund for staff and contracting costs, and 2.0 FTE; Page 14
April 15, 2024 HB 24-1448
an increase of $5,000,000 from the State Education Fund and a corresponding decrease from
the State Public School Fund for the state share of total program;
an increase of $5,000,000 from the State Education Fund and a corresponding decrease from
the State Public School Fund for at-risk per pupil additional funding;
an increase of $11,500,000 from the Charter School Facilities Assistance Account in the
Public School Capital Construction Assistance Fund;
an increase of $2,500,000 from the State Land Board Trust Administration Fund, and a
corresponding decrease from the Permanent Fund.
State and Local Government Contacts
Education Legislative Council Staff Natural Resources
Treasury
The revenue and expenditure impacts in this fiscal note represent changes from current law under the bill for each
fiscal year. For additional information about fiscal notes, please visit the General Assembly website.
County District
Funded
Pupil Count Total Program State Share Local Share PPR
Funded Pupil
Count
Total Program
year 1 of phase in
and hold harmless State Share Local Share PPR
Funded Pupil
Count Total ProgramState Share Local Share PPR
% Change
in Total
Program
ADAMS MAPLETON 6,618 $81,069,801 $44,868,513 $36,201,288$12,250 6,618 $82,107,477 $45,906,189 36,201,288$ $12,407 - $1,037,676 $1,037,676 $0 $157 1.3%
ADAMS ADAMS 12 FIVE STAR 38,483 $444,620,554 $312,413,701 $132,206,853$11,554 38,116 $449,009,046 $316,802,193 132,206,853$ $11,780 (367.4) $4,388,492 $4,388,492 $0 $227 1.0%
ADAMS COMMERCE CITY 5,801 $71,934,201 $35,389,479 $36,544,722$12,401 5,661 $72,891,812 $36,347,089 36,544,722$ $12,876 (139.8) $957,611 $957,611 $0 $475 1.3%
ADAMS BRIGHTON 23,976 $274,653,246 $179,998,042 $94,655,203$11,455 23,976 $277,575,544 $182,920,341 94,655,203$ $11,577 - $2,922,298 $2,922,298 $0 $122 1.1%
ADAMS BENNETT 1,545 $18,406,608 $3,084,212 $15,322,395$11,915 1,545 $19,064,849 $3,742,454 15,322,395$ $12,341 - $658,242 $658,242 $0 $426 3.6%
ADAMS STRASBURG 1,125 $13,574,305 $9,307,558 $4,266,747$12,066 1,125 $14,070,221 $9,803,474 4,266,747$ $12,507 - $495,916 $495,916 $0 $441 3.7%
ADAMS WESTMINSTER 8,023 $98,086,989 $63,197,266 $34,889,724$12,225 7,838 $98,969,152 $64,079,429 34,889,724$ $12,628 (185.8) $882,163 $882,163 $0 $402 0.9%
ALAMOSA ALAMOSA 2,064 $23,889,325 $17,774,573 $6,114,753$11,574 2,037 $24,266,188 $18,151,435 6,114,753$ $11,912 (26.9) $376,862 $376,862 $0 $338 1.6%
ALAMOSA SANGRE DE CRISTO 274 $4,378,891 $2,746,039 $1,632,852$16,011 274 $4,471,180 $2,838,328 1,632,852$ $16,348 - $92,289 $92,289 $0 $337 2.1%
ARAPAHOE ENGLEWOOD 2,154 $26,479,130 $54,132 $26,424,998$12,293 2,132 $26,801,096 $376,098 26,424,998$ $12,572 (22.2) $321,966 $321,966 $0 $279 1.2%
ARAPAHOE SHERIDAN 959 $13,327,674 $3,746,206 $9,581,468$13,899 935 $13,378,914 $3,797,446 9,581,468$ $14,303 (23.5) $51,240 $51,240 $0 $404 0.4%
ARAPAHOE CHERRY CREEK 50,124 $587,530,351 $387,880,664 $199,649,687$11,722 49,746 $589,843,109 $390,193,421 199,649,687$ $11,857 (377.8) $2,312,758 $2,312,758 $0 $136 0.4%
ARAPAHOE LITTLETON 12,973 $144,947,423 $63,724,206 $81,223,218$11,173 12,865 $145,656,138 $64,432,921 81,223,218$ $11,322 (108.1) $708,715 $708,715 $0 $149 0.5%
ARAPAHOE DEER TRAIL 358 $5,562,072 $3,831,985 $1,730,087$15,537 358 $5,697,302 $3,967,215 1,730,087$ $15,914 - $135,230 $135,230 $0 $378 2.4%
ARAPAHOE AURORA 38,074 $482,592,395 $313,189,922 $169,402,473$12,675 38,074 $487,735,677 $318,333,204 169,402,473$ $12,810 - $5,143,282 $5,143,282 $0 $135 1.1%
ARAPAHOE BYERS 6,090 $68,791,037 $66,526,357 $2,264,681$11,297 6,090 $69,598,821 $67,334,141 2,264,681$ $11,429 - $807,784 $807,784 $0 $133 1.2%
ARCHULETA ARCHULETA 1,583 $18,850,935 $1,583,094 $17,267,841$11,908 1,561 $19,328,066 $2,060,225 17,267,841$ $12,379 (21.6) $477,131 $477,131 $0 $470 2.5%
BACA WALSH 164 $3,281,111 $2,525,310 $755,801$20,007 164 $3,328,065 $2,572,264 755,801$ $20,293 - $46,954 $46,954 $0 $286 1.4%
BACA PRITCHETT 50 $1,213,483 $368,264 $845,219$24,077 60 $1,259,604 $414,385 845,219$ $20,993 9.6 $46,121 $46,121 $0($3,084) 3.8%
BACA SPRINGFIELD 258 $4,195,975 $2,976,580 $1,219,395$16,282 258 $4,282,892 $3,063,497 1,219,395$ $16,620 - $86,917 $86,917 $0 $337 2.1%
BACA VILAS 210 $3,699,976 $3,482,710 $217,266$17,585 210 $3,754,775 $3,537,508 217,266$ $17,846 - $54,799 $54,799 $0 $260 1.5%
BACA CAMPO 50 $1,148,207 $802,989 $345,217$22,964 60 $1,197,117 $851,900 345,217$ $19,952 10.0 $48,911 $48,911 $0($3,012) 4.3%
BENT LAS ANIMAS 943 $11,278,561 $9,071,918 $2,206,644$11,958 943 $11,394,607 $9,187,963 2,206,644$ $12,090 (0.7) $116,045 $116,045 $0 $132 1.0%
BENT MCCLAVE 228 $3,774,651 $3,010,273 $764,377$16,563 228 $3,866,488 $3,102,111 764,377$ $16,966 - $91,838 $91,838 $0 $403 2.4%
BOULDER ST VRAIN 30,942 $352,065,804 $154,127,834 $197,937,970$11,378 30,866 $353,336,375 $155,398,405 197,937,970$ $11,447 (75.8) $1,270,571 $1,270,571 $0 $69 0.4%
BOULDER BOULDER 27,210 $313,063,319 $5,909,507 $307,153,813$11,505 27,113 $313,745,881 $6,592,069 307,153,813$ $11,572 (97.8) $682,562 $682,562 $0 $67 0.2%
CHAFFEE BUENA VISTA 928 $11,088,081 $94,206 $10,993,875$11,948 920 $11,379,286 $385,411 10,993,875$ $12,369 (8.0) $291,205 $291,205 $0 $420 2.6%
CHAFFEE SALIDA 1,414 $16,091,590 $4,897,916 $11,193,674$11,383 1,414 $16,573,096 $5,379,422 11,193,674$ $11,724 - $481,506 $481,506 $0 $341 3.0%
CHEYENNE KIT CARSON 93 $2,039,918 $1,299,407 $740,511$21,864 93 $2,067,697 $1,327,185 740,511$ $22,162 - $27,778 $27,778 $0 $298 1.4%
CHEYENNE CHEYENNE 179 $3,494,243 $2,202,895 $1,291,348$19,521 179 $3,531,773 $2,240,425 1,291,348$ $19,731 - $37,530 $37,530 $0 $210 1.1%
CLEAR CREEK CLEAR CREEK 600 $7,735,378 $2,451,451 $5,283,927$12,899 591 $7,965,004 $2,681,077 5,283,927$ $13,477 (8.7) $229,626 $229,626 $0 $578 3.0%
CONEJOS NORTH CONEJOS 964 $11,371,450 $10,092,251 $1,279,199$11,800 953 $11,742,778 $10,463,580 1,279,199$ $12,327 (11.1) $371,329 $371,329 $0 $527 3.3%
CONEJOS SANFORD 414 $5,546,350 $5,145,939 $400,410$13,397 414 $5,707,188 $5,306,778 400,410$ $13,785 - $160,839 $160,839 $0 $388 2.9%
CONEJOS SOUTH CONEJOS 170 $3,462,789 $2,299,971 $1,162,818$20,369 170 $3,501,359 $2,338,541 1,162,818$ $20,596 - $38,570 $38,570 $0 $227 1.1%
COSTILLA CENTENNIAL 162 $3,323,040 $1,705,416 $1,617,624$20,462 159 $3,360,340 $1,742,716 1,617,624$ $21,188 (3.8) $37,301 $37,301 $0 $725 1.1%
COSTILLA SIERRA GRANDE 284 $4,535,458 $1,769,255 $2,766,202$15,970 284 $4,644,976 $1,878,773 2,766,202$ $16,356 - $109,518 $109,518 $0 $386 2.4%
CROWLEY CROWLEY 360 $5,198,925 $3,669,469 $1,529,456$14,433 350 $5,336,285 $3,806,828 1,529,456$ $15,268 (10.7) $137,359 $137,359 $0 $835 2.6%
CUSTER WESTCLIFFE 308 $4,765,675 $73 $4,765,602$15,453 303 $4,896,098 $49 4,896,049$ $16,180 (5.8) $130,422 ($24) $130,446 $727 2.7%
DELTA DELTA 4,257 $48,613,540 $30,029,395 $18,584,146$11,419 4,204 $49,150,035 $30,565,890 18,584,146$ $11,691 (53.1) $536,495 $536,495 $0 $272 1.1%
DENVER DENVER 82,989 $1,000,046,946 $256,362,985 $743,683,961$12,050 82,593 $1,009,609,383 $265,925,422 743,683,961$ $12,224 (396.2) $9,562,437 $9,562,437 $0 $174 1.0%
DOLORES DOLORES 236 $4,235,360 $2,258,825 $1,976,536$17,946 235 $4,305,365 $2,328,829 1,976,536$ $18,360 (1.5) $70,004 $70,004 $0 $413 1.7%
DOUGLAS DOUGLAS 62,355 $699,072,761 $376,612,846 $322,459,915$11,211 61,970 $700,084,343 $377,624,428 322,459,915$ $11,297 (385.0) $1,011,582 $1,011,582 $0 $86 0.1%
EAGLE EAGLE 6,540 $79,935,998 $16,520,699 $63,415,300$12,223 6,486 $81,214,668 $17,799,368 63,415,300$ $12,521 (53.8) $1,278,669 $1,278,669 $0 $299 1.6%
ELBERT ELIZABETH 2,936 $33,397,764 $20,900,106 $12,497,658$11,374 2,936 $34,348,956 $21,851,299 12,497,658$ $11,698 - $951,193 $951,193 $0 $324 2.8%
ELBERT KIOWA 316 $5,025,995 $3,032,030 $1,993,965$15,930 316 $5,111,172 $3,117,207 1,993,965$ $16,200 - $85,177 $85,177 $0 $270 1.7%
ELBERT BIG SANDY 305 $4,964,880 $3,463,005 $1,501,875$16,257 305 $5,063,213 $3,561,338 1,501,875$ $16,579 - $98,333 $98,333 $0 $322 2.0%
ELBERT ELBERT 257 $4,413,979 $3,314,349 $1,099,630$17,208 257 $4,476,112 $3,376,482 1,099,630$ $17,451 - $62,133 $62,133 $0 $242 1.4%
ELBERT AGATE 65 $1,610,954 $829,049 $781,905$24,784 63 $1,618,739 $836,834 781,905$ $25,532 (1.6) $7,785 $7,785 $0 $748 0.5%
EL PASO CALHAN 431 $6,058,882 $4,190,011 $1,868,872$14,058 431 $6,213,468 $4,344,597 1,868,872$ $14,416 - $154,586 $154,586 $0 $359 2.6%
EL PASO HARRISON 12,235 $144,128,419 $124,353,607 $19,774,812$11,780 12,116 $145,296,582 $125,521,770 19,774,812$ $11,992 (118.7) $1,168,163 $1,168,163 $0 $212 0.8%
EL PASO WIDEFIELD 9,138 $101,391,989 $72,087,281 $29,304,708$11,095 9,117 $102,784,769 $73,480,061 29,304,708$ $11,275 (21.9) $1,392,780 $1,392,780 $0 $179 1.4%
EL PASO FOUNTAIN 7,417 $82,994,742 $75,198,717 $7,796,025$11,190 7,302 $83,995,951 $76,199,926 7,796,025$ $11,503 (114.9) $1,001,209 $1,001,209 $0 $313 1.2%
EL PASO COLORADO SPRINGS 25,537 $294,711,110 $184,863,898 $109,847,213$11,541 25,473 $297,165,079 $187,317,867 109,847,213$ $11,666 (64.5) $2,453,969 $2,453,969 $0 $126 0.8%
EL PASO CHEYENNE MOUNTAIN 3,653 $40,455,828 $21,569,623 $18,886,205$11,075 3,653 $40,738,957 $21,852,752 18,886,205$ $11,152 - $283,129 $283,129 $0 $78 0.7%
EL PASO MANITOU SPRINGS 1,233 $14,750,584 $8,500,659 $6,249,925$11,959 1,218 $14,845,549 $8,595,624 6,249,925$ $12,189 (15.5) $94,966 $94,966 $0 $230 0.6%
EL PASO ACADEMY 25,745 $284,476,482 $192,357,640 $92,118,842$11,050 25,745 $285,080,223 $192,961,381 92,118,842$ $11,073 - $603,740 $603,740 $0 $23 0.2%
EL PASO ELLICOTT 888 $11,320,504 $9,278,646 $2,041,859$12,748 887 $11,708,765 $9,666,906 2,041,859$ $13,199 (0.9) $388,261 $388,261 $0 $451 3.4%
EL PASO PEYTON 589 $7,565,631 $5,103,907 $2,461,724$12,856 589 $7,782,376 $5,320,652 2,461,724$ $13,224 - $216,745 $216,745 $0 $368 2.9%
FY 2025-26 Under Current Law FY 2025-26 Under Bill Change from Current Law
Appendix A
School Finance Funding Comparison with Current Law
FY 2025-26 with HB24-1448 Relative to Current Law
Prepared by Legislative Council Staff 4/15/2024
County District
Funded
Pupil Count Total Program State Share Local Share PPR
Funded Pupil
Count
Total Program
year 1 of phase in
and hold harmless State Share Local Share PPR
Funded Pupil
Count Total ProgramState Share Local Share PPR
% Change
in Total
Program
FY 2025-26 Under Current Law FY 2025-26 Under Bill Change from Current Law
Appendix A
School Finance Funding Comparison with Current Law
FY 2025-26 with HB24-1448 Relative to Current Law
EL PASO HANOVER 255 $4,515,011 $3,674,241 $840,771$17,706 254 $4,604,417 $3,763,646 840,771$ $18,106 (0.7) $89,405 $89,405 $0 $400 2.0%
EL PASO LEWIS-PALMER 6,304 $69,805,021 $39,277,328 $30,527,693$11,073 6,303 $70,169,687 $39,641,994 30,527,693$ $11,132 (0.6) $364,666 $364,666 $0 $59 0.5%
EL PASO FALCON 31,537 $352,266,509 $295,686,313 $56,580,195$11,170 31,537 $354,714,050 $298,133,854 56,580,195$ $11,248 - $2,447,541 $2,447,541 $0 $78 0.7%
EL PASO EDISON 78 $1,840,655 $1,592,341 $248,313$23,628 68 $1,840,655 $1,592,341 248,313$ $26,910 (9.5) $0 $0 $0 $3,282 0.0%
EL PASO MIAMI-YODER 424 $5,913,198 $4,634,075 $1,279,123$13,946 424 $6,139,643 $4,860,519 1,279,123$ $14,480 - $226,444 $226,444 $0 $534 3.8%
FREMONT CANON CITY 3,148 $35,250,517 $22,888,589 $12,361,928$11,196 3,107 $35,914,778 $23,552,850 12,361,928$ $11,559 (41.2) $664,262 $664,262 $0 $362 1.9%
FREMONT FLORENCE 1,274 $14,742,905 $9,818,872 $4,924,033$11,574 1,256 $15,245,454 $10,321,422 4,924,033$ $12,134 (17.4) $502,549 $502,549 $0 $560 3.4%
FREMONT COTOPAXI 164 $3,343,039 $178,785 $3,164,255$20,384 157 $3,385,722 $221,468 3,164,255$ $21,634 (7.5) $42,683 $42,683 $0 $1,250 1.3%
GARFIELD ROARING FORK 6,013 $74,007,115 $12,691,022 $61,316,093$12,309 6,013 $75,434,471 $14,118,378 61,316,093$ $12,546 - $1,427,356 $1,427,356 $0 $237 1.9%
GARFIELD RIFLE 4,498 $50,361,517 $37,818,476 $12,543,041$11,197 4,498 $51,878,943 $39,335,901 12,543,041$ $11,534 - $1,517,426 $1,517,426 $0 $337 3.0%
GARFIELD PARACHUTE 1,113 $14,264,179 $9,832,156 $4,432,023$12,816 1,107 $14,438,916 $10,006,893 4,432,023$ $13,048 (6.4) $174,737 $174,737 $0 $232 1.2%
GILPIN GILPIN 378 $5,672,946 $2,234,763 $3,438,183$15,000 369 $5,756,392 $2,318,209 3,438,183$ $15,583 (8.8) $83,446 $83,446 $0 $583 1.5%
GRAND WEST GRAND 425 $6,055,123 $3,392,786 $2,662,337$14,264 425 $6,251,701 $3,589,364 2,662,337$ $14,727 - $196,578 $196,578 $0 $463 3.2%
GRAND EAST GRAND 1,232 $14,491,825 $164 $14,491,660$11,766 1,228 $15,207,742 $0 15,207,742$ $12,384 (3.7) $715,918 ($164) $716,082 $618 4.9%
GUNNISON GUNNISON 1,989 $23,068,653 $3,064,321 $20,004,332$11,597 1,985 $24,131,030 $4,126,699 20,004,332$ $12,158 (4.4) $1,062,377 $1,062,377 $0 $561 4.6%
HINSDALE HINSDALE 69 $1,737,199 $218,018 $1,519,181$25,140 69 $1,738,575 $219,395 1,519,181$ $25,160 - $1,377 $1,377 $0 $20 0.1%
HUERFANO HUERFANO 447 $6,159,539 $2,003,822 $4,155,717$13,789 442 $6,244,374 $2,088,657 4,155,717$ $14,131 (4.8) $84,835 $84,835 $0 $342 1.4%
HUERFANO LA VETA 202 $3,648,646 $2,290,819 $1,357,827$18,036 202 $3,750,175 $2,392,348 1,357,827$ $18,538 - $101,529 $101,529 $0 $502 2.8%
JACKSON NORTH PARK 148 $3,100,624 $91,574 $3,009,050$20,894 147 $3,123,668 $114,618 3,009,050$ $21,206 (1.1) $23,043 $23,043 $0 $312 0.7%
JEFFERSON JEFFERSON 73,358 $830,365,877 $392,726,391 $437,639,486$11,319 72,765 $834,590,583 $396,951,098 437,639,486$ $11,470 (593.3) $4,224,707 $4,224,707 $0 $150 0.5%
KIOWA EADS 190 $3,520,144 $2,810,202 $709,942$18,527 190 $3,585,735 $2,875,793 709,942$ $18,872 - $65,591 $65,591 $0 $345 1.9%
KIOWA PLAINVIEW 209 $3,442,895 $2,856,083 $586,811$16,465 209 $3,521,960 $2,935,149 586,811$ $16,843 - $79,066 $79,066 $0 $378 2.3%
KIT CARSON ARRIBA-FLAGLER 151 $2,996,186 $1,566,433 $1,429,752$19,855 151 $3,061,470 $1,631,718 1,429,752$ $20,288 - $65,284 $65,284 $0 $433 2.2%
KIT CARSON HI PLAINS 109 $2,253,089 $1,328,193 $924,895$20,652 108 $2,299,128 $1,374,232 924,895$ $21,288 (1.1) $46,039 $46,039 $0 $637 2.0%
KIT CARSON STRATTON 200 $3,639,650 $2,815,775 $823,875$18,216 198 $3,723,149 $2,899,274 823,875$ $18,851 (2.3) $83,499 $83,499 $0 $635 2.3%
KIT CARSON BETHUNE 99 $2,247,706 $1,676,554 $571,151$22,681 98 $2,270,210 $1,699,059 571,151$ $23,071 (0.7) $22,504 $22,504 $0 $390 1.0%
KIT CARSON BURLINGTON 697 $8,491,392 $4,558,964 $3,932,427$12,176 697 $8,723,371 $4,790,944 3,932,427$ $12,508 - $231,979 $231,979 $0 $333 2.7%
LAKE LAKE 874 $11,043,201 $223 $11,042,978$12,634 861 $11,379,164 $75 11,379,089$ $13,219 (13.3) $335,963 ($147) $336,110 $585 3.0%
LA PLATA DURANGO 5,645 $64,773,765 $42,211,768 $22,561,997$11,474 5,617 $65,583,789 $43,021,792 22,561,997$ $11,677 (28.8) $810,024 $810,024 $0 $203 1.3%
LA PLATA BAYFIELD 1,261 $15,372,810 $11,428,685 $3,944,125$12,194 1,245 $15,607,941 $11,663,816 3,944,125$ $12,533 (15.4) $235,131 $235,131 $0 $340 1.5%
LA PLATA IGNACIO 743 $9,737,267 $7,459,638 $2,277,629$13,102 743 $9,984,760 $7,707,131 2,277,629$ $13,435 - $247,493 $247,493 $0 $333 2.5%
LARIMER POUDRE 32,605 $360,667,223 $200,969,005 $159,698,218$11,062 32,605 $361,965,395 $202,267,177 159,698,218$ $11,101 - $1,298,172 $1,298,172 $0 $40 0.4%
LARIMER THOMPSON 14,454 $160,072,316 $54,201,169 $105,871,147$11,075 14,361 $161,215,805 $55,344,658 105,871,147$ $11,226 (93.1) $1,143,489 $1,143,489 $0 $151 0.7%
LARIMER ESTES PARK 955 $12,038,683 $316 $12,038,367$12,609 943 $12,247,780 $142 12,247,639$ $12,995 (12.3) $209,097 ($174) $209,271 $386 1.7%
LAS ANIMAS TRINIDAD 762 $10,103,612 $6,373,579 $3,730,033$13,261 755 $10,152,516 $6,422,482 3,730,033$ $13,456 (7.4) $48,904 $48,904 $0 $195 0.5%
LAS ANIMAS PRIMERO 233 $4,045,250 $3,257,525 $787,725$17,391 233 $4,126,174 $3,338,449 787,725$ $17,739 - $80,925 $80,925 $0 $348 2.0%
LAS ANIMAS HOEHNE 291 $4,458,477 $2,532,987 $1,925,490$15,321 285 $4,512,976 $2,587,486 1,925,490$ $15,818 (5.7) $54,499 $54,499 $0 $497 1.2%
LAS ANIMAS AGUILAR 106 $2,341,684 $1,325,236 $1,016,448$22,091 106 $2,380,358 $1,363,910 1,016,448$ $22,456 - $38,674 $38,674 $0 $365 1.7%
LAS ANIMAS BRANSON 406 $4,613,407 $4,031,820 $581,588$11,355 406 $4,693,540 $4,111,952 581,588$ $11,560 (0.3) $80,133 $80,133 $0 $206 1.7%
LAS ANIMAS KIM 50 $1,076,292 $606,791 $469,501$21,526 60 $1,137,284 $667,783 469,501$ $18,955 10.0 $60,992 $60,992 $0($2,571) 5.7%
LINCOLN GENOA-HUGO 208 $3,804,211 $2,245,331 $1,558,880$18,289 208 $3,878,117 $2,319,237 1,558,880$ $18,645 - $73,906 $73,906 $0 $355 1.9%
LINCOLN LIMON 462 $5,963,893 $3,132,692 $2,831,201$12,923 462 $6,190,350 $3,359,149 2,831,201$ $13,414 - $226,458 $226,458 $0 $491 3.8%
LINCOLN KARVAL 50 $1,172,531 $958,710 $213,822$23,451 60 $1,227,561 $1,013,739 213,822$ $20,459 10.0 $55,030 $55,030 $0($2,991) 4.7%
LOGAN VALLEY 1,793 $20,753,010 $12,821,755 $7,931,255$11,577 1,769 $21,049,994 $13,118,739 7,931,255$ $11,901 (23.8) $296,984 $296,984 $0 $324 1.4%
LOGAN FRENCHMAN 198 $3,585,058 $2,060,663 $1,524,395$18,134 198 $3,641,277 $2,116,882 1,524,395$ $18,428 (0.1) $56,218 $56,218 $0 $294 1.6%
LOGAN BUFFALO 319 $4,795,906 $3,437,938 $1,357,968$15,034 319 $4,874,136 $3,516,168 1,357,968$ $15,279 - $78,230 $78,230 $0 $245 1.6%
LOGAN PLATEAU 188 $3,509,639 $1,925,424 $1,584,216$18,668 188 $3,555,964 $1,971,748 1,584,216$ $18,915 - $46,325 $46,325 $0 $246 1.3%
MESA DEBEQUE 159 $3,297,373 $2,157,686 $1,139,688$20,804 159 $3,341,625 $2,201,938 1,139,688$ $21,083 - $44,252 $44,252 $0 $279 1.3%
MESA PLATEAU VALLEY 311 $4,729,824 $2,297,407 $2,432,417$15,233 311 $4,823,558 $2,391,141 2,432,417$ $15,535 - $93,735 $93,735 $0 $302 2.0%
MESA MESA VALLEY 20,615 $228,291,580 $139,909,662 $88,381,919$11,074 20,328 $228,291,580 $139,909,662 88,381,919$ $11,230 (286.5) $0 $0 $0 $156 0.0%
MINERAL CREEDE 114 $2,568,685 $705,951 $1,862,734$22,532 114 $2,582,510 $719,776 1,862,734$ $22,654 - $13,825 $13,825 $0 $121 0.5%
MOFFAT MOFFAT 1,834 $20,840,185 $8,968,146 $11,872,039$11,362 1,807 $21,487,841 $9,615,802 11,872,039$ $11,895 (27.7) $647,655 $647,655 $0 $533 3.1%
MONTEZUMA MONTEZUMA 2,454 $27,619,180 $11,569,866 $16,049,314$11,254 2,430 $28,313,828 $12,264,514 16,049,314$ $11,652 (24.2) $694,648 $694,648 $0 $398 2.5%
MONTEZUMA DOLORES 649 $8,160,693 $6,148,345 $2,012,347$12,574 649 $8,425,185 $6,412,837 2,012,347$ $12,982 - $264,492 $264,492 $0 $408 3.2%
MONTEZUMA MANCOS 515 $6,637,899 $5,161,496 $1,476,403$12,889 515 $6,904,274 $5,427,871 1,476,403$ $13,406 - $266,375 $266,375 $0 $517 4.0%
MONTROSE MONTROSE 5,724 $66,786,590 $38,596,722 $28,189,868$11,669 5,713 $68,175,083 $39,985,215 28,189,868$ $11,934 (11.0) $1,388,493 $1,388,493 $0 $266 2.1%
MONTROSE WEST END 231 $4,308,084 $3,502,360 $805,724$18,666 229 $4,356,848 $3,551,124 805,724$ $19,026 (1.8) $48,764 $48,764 $0 $360 1.1%
MORGAN BRUSH 1,360 $16,693,227 $7,969,782 $8,723,445$12,274 1,360 $17,029,257 $8,305,812 8,723,445$ $12,522 - $336,030 $336,030 $0 $247 2.0%
Prepared by Legislative Council Staff 4/15/2024
County District
Funded
Pupil Count Total Program State Share Local Share PPR
Funded Pupil
Count
Total Program
year 1 of phase in
and hold harmless State Share Local Share PPR
Funded Pupil
Count Total ProgramState Share Local Share PPR
% Change
in Total
Program
FY 2025-26 Under Current Law FY 2025-26 Under Bill Change from Current Law
Appendix A
School Finance Funding Comparison with Current Law
FY 2025-26 with HB24-1448 Relative to Current Law
MORGAN FT. MORGAN 3,263 $38,350,880 $26,689,792 $11,661,088$11,753 3,263 $39,265,275 $27,604,187 11,661,088$ $12,033 - $914,395 $914,395 $0 $280 2.4%
MORGAN WELDON 197 $3,805,465 $2,761,559 $1,043,905$19,337 195 $3,844,918 $2,801,012 1,043,905$ $19,707 (1.7) $39,453 $39,453 $0 $371 1.0%
MORGAN WIGGINS 852 $10,352,784 $251 $10,352,533$12,151 852 $10,802,691 $113 10,802,578$ $12,679 - $449,907 ($138) $450,044 $528 4.3%
OTERO EAST OTERO 1,325 $16,241,904 $12,958,196 $3,283,709$12,257 1,318 $16,384,692 $13,100,984 3,283,709$ $12,432 (7.2) $142,788 $142,788 $0 $175 0.9%
OTERO ROCKY FORD 611 $8,106,509 $6,627,382 $1,479,127$13,274 594 $8,145,585 $6,666,458 1,479,127$ $13,725 (17.2) $39,076 $39,076 $0 $451 0.5%
OTERO MANZANOLA 174 $3,584,145 $3,183,242 $400,903$20,634 174 $3,601,643 $3,200,740 400,903$ $20,735 - $17,499 $17,499 $0 $101 0.5%
OTERO FOWLER 361 $5,208,753 $4,159,599 $1,049,154$14,449 361 $5,358,051 $4,308,897 1,049,154$ $14,863 - $149,298 $149,298 $0 $414 2.9%
OTERO CHERAW 216 $3,895,645 $3,566,514 $329,130$18,035 216 $3,924,015 $3,594,884 329,130$ $18,167 - $28,370 $28,370 $0 $131 0.7%
OTERO SWINK 305 $4,693,184 $3,891,483 $801,701$15,413 303 $4,702,245 $3,900,544 801,701$ $15,529 (1.7) $9,061 $9,061 $0 $116 0.2%
OURAY OURAY 159 $3,580,254 $511,362 $3,068,892$22,531 155 $3,580,254 $511,362 3,068,892$ $23,084 (3.8) $0 $0 $0 $552 0.0%
OURAY RIDGWAY 299 $5,004,331 $648,736 $4,355,595$16,715 297 $5,079,869 $724,274 4,355,595$ $17,127 (2.8) $75,538 $75,538 $0 $412 1.5%
PARK PLATTE CANYON 710 $9,182,253 $2,735,542 $6,446,711$12,931 697 $9,437,044 $2,990,333 6,446,711$ $13,532 (12.7) $254,791 $254,791 $0 $601 2.8%
PARK PARK 523 $6,933,870 $0 $6,933,870$13,260 522 $7,203,871 $0 7,203,871$ $13,806 (1.1) $270,001 $0 $270,001 $545 3.9%
PHILLIPS HOLYOKE 549 $7,036,703 $4,138,833 $2,897,871$12,810 537 $7,252,333 $4,354,462 2,897,871$ $13,508 (12.4) $215,629 $215,629 $0 $697 3.1%
PHILLIPS HAXTUN 291 $4,250,204 $2,997,735 $1,252,469$14,595 286 $4,365,584 $3,113,115 1,252,469$ $15,275 (5.4) $115,380 $115,380 $0 $679 2.7%
PITKIN ASPEN 1,548 $23,266,462 $0 $23,266,462$15,026 1,527 $23,266,462 $0 23,266,462$ $15,241 (21.8) $0 $0 $0 $215 0.0%
PROWERS GRANADA 189 $3,564,194 $2,951,834 $612,360$18,898 189 $3,623,598 $3,011,238 612,360$ $19,213 - $59,404 $59,404 $0 $315 1.7%
PROWERS LAMAR 1,383 $16,598,529 $13,433,951 $3,164,578$12,004 1,360 $16,766,748 $13,602,170 3,164,578$ $12,326 (22.5) $168,219 $168,219 $0 $322 1.0%
PROWERS HOLLY 246 $4,006,153 $2,940,571 $1,065,581$16,292 245 $4,119,396 $3,053,815 1,065,581$ $16,786 (0.5) $113,244 $113,244 $0 $495 2.8%
PROWERS WILEY 245 $4,020,017 $3,526,046 $493,971$16,381 245 $4,090,556 $3,596,584 493,971$ $16,669 - $70,539 $70,539 $0 $287 1.8%
PUEBLO PUEBLO CITY 13,944 $166,086,993 $119,690,412 $46,396,582$11,911 13,821 $167,047,454 $120,650,872 46,396,582$ $12,086 (122.5) $960,460 $960,460 $0 $175 0.6%
PUEBLO PUEBLO RURAL 10,268 $113,592,791 $77,004,929 $36,587,862$11,063 10,262 $115,083,523 $78,495,661 36,587,862$ $11,214 (5.7) $1,490,732 $1,490,732 $0 $151 1.3%
RIO BLANCO MEEKER 679 $8,204,993 $4,421,060 $3,783,933$12,080 679 $8,522,817 $4,738,884 3,783,933$ $12,548 - $317,823 $317,823 $0 $468 3.9%
RIO BLANCO RANGELY 485 $6,013,595 $4,149,295 $1,864,300$12,412 485 $6,240,851 $4,376,551 1,864,300$ $12,881 - $227,256 $227,256 $0 $469 3.8%
RIO GRANDE DEL NORTE 380 $5,455,699 $2,222,795 $3,232,904$14,376 373 $5,599,820 $2,366,916 3,232,904$ $15,029 (6.9) $144,122 $144,122 $0 $653 2.6%
RIO GRANDE MONTE VISTA 954 $11,541,133 $8,830,685 $2,710,448$12,104 946 $11,733,207 $9,022,759 2,710,448$ $12,408 (7.9) $192,074 $192,074 $0 $304 1.7%
RIO GRANDE SARGENT 304 $4,595,628 $3,087,540 $1,508,088$15,097 298 $4,666,777 $3,158,689 1,508,088$ $15,645 (6.1) $71,149 $71,149 $0 $547 1.5%
ROUTT HAYDEN 420 $5,959,145 $1,535,781 $4,423,364$14,188 420 $6,132,303 $1,708,940 4,423,364$ $14,601 - $173,158 $173,158 $0 $412 2.9%
ROUTT STEAMBOAT SPRINGS 2,639 $30,658,144 $19,154,173 $11,503,970$11,618 2,619 $31,229,976 $19,726,006 11,503,970$ $11,923 (19.6) $571,833 $571,833 $0 $305 1.9%
ROUTT SOUTH ROUTT 321 $5,115,205 $1,610,697 $3,504,508$15,935 321 $5,227,986 $1,723,478 3,504,508$ $16,287 - $112,781 $112,781 $0 $351 2.2%
SAGUACHE MOUNTAIN VALLEY 183 $3,522,221 $2,328,805 $1,193,416$19,205 183 $3,592,123 $2,398,707 1,193,416$ $19,586 - $69,902 $69,902 $0 $381 2.0%
SAGUACHE MOFFAT 187 $4,031,741 $2,312,024 $1,719,717$21,618 187 $4,031,741 $2,312,024 1,719,717$ $21,618 - $0 $0 $0 $0 0.0%
SAGUACHE CENTER 572 $7,632,673 $6,073,672 $1,559,001$13,356 568 $7,890,088 $6,331,086 1,559,001$ $13,884 (3.2) $257,415 $257,415 $0 $528 3.4%
SAN JUAN SILVERTON 79 $1,882,914 $542,158 $1,340,755$23,925 79 $1,896,471 $555,715 1,340,755$ $24,128 (0.1) $13,557 $13,557 $0 $203 0.7%
SAN MIGUEL TELLURIDE 808 $12,723,065 $2,306,979 $10,416,086$15,750 790 $12,723,065 $2,306,979 10,416,086$ $16,107 (17.9) $0 $0 $0 $357 0.0%
SAN MIGUEL NORWOOD 169 $3,611,877 $3,047,364 $564,514$21,372 168 $3,623,538 $3,059,024 564,514$ $21,530 (0.7) $11,661 $11,661 $0 $158 0.3%
SEDGWICK JULESBURG 775 $8,803,725 $7,704,597 $1,099,129$11,355 775 $8,972,039 $7,872,910 1,099,129$ $11,572 - $168,313 $168,313 $0 $217 1.9%
SEDGWICK PLATTE VALLEY 125 $2,662,853 $1,700,409 $962,444$21,252 125 $2,689,764 $1,727,320 962,444$ $21,467 - $26,911 $26,911 $0 $215 1.0%
SUMMIT SUMMIT 3,442 $42,430,792 $0 $42,430,792$12,326 3,428 $43,410,687 $0 43,410,687$ $12,665 (14.8) $979,895 $0 $979,895 $339 2.3%
TELLER CRIPPLE CREEK 290 $4,682,863 $68 $4,682,794$16,126 288 $4,812,109 $0 4,812,109$ $16,709 (2.4) $129,247 ($68) $129,315 $583 2.8%
TELLER WOODLAND PARK 1,842 $21,064,301 $6,864,182 $14,200,120$11,436 1,794 $21,328,069 $7,127,949 14,200,120$ $11,889 (47.9) $263,767 $263,767 $0 $452 1.3%
WASHINGTON AKRON 409 $5,654,134 $3,915,266 $1,738,867$13,824 409 $5,825,296 $4,086,429 1,738,867$ $14,243 - $171,163 $171,163 $0 $418 3.0%
WASHINGTON ARICKAREE 82 $1,916,365 $1,167,496 $748,869$23,485 81 $1,929,489 $1,180,619 748,869$ $23,969 (1.1) $13,123 $13,123 $0 $484 0.7%
WASHINGTON OTIS 201 $3,798,145 $3,011,350 $786,795$18,896 201 $3,852,366 $3,065,571 786,795$ $19,166 - $54,221 $54,221 $0 $270 1.4%
WASHINGTON LONE STAR 124 $2,712,725 $1,748,987 $963,738$21,948 123 $2,726,958 $1,763,220 963,738$ $22,116 (0.3) $14,233 $14,233 $0 $169 0.5%
WASHINGTON WOODLIN 72 $1,677,496 $575,764 $1,101,732$23,299 72 $1,697,476 $595,744 1,101,732$ $23,576 - $19,979 $19,979 $0 $277 1.2%
WELD GILCREST 1,711 $19,984,472 $5,307,482 $14,676,990$11,683 1,692 $20,812,423 $6,135,433 14,676,990$ $12,300 (18.6) $827,951 $827,951 $0 $618 4.1%
WELD EATON 2,049 $22,825,883 $484 $22,825,400$11,140 2,049 $23,167,480 $45 23,167,435$ $11,307 - $341,597 ($439) $342,036 $167 1.5%
WELD KEENESBURG 2,593 $29,702,936 $4,763,133 $24,939,803$11,455 2,593 $30,986,791 $6,046,988 24,939,803$ $11,950 - $1,283,855 $1,283,855 $0 $495 4.3%
WELD WINDSOR 8,371 $92,712,676 $27,642,304 $65,070,371$11,075 8,371 $92,758,789 $27,688,418 65,070,371$ $11,081 - $46,113 $46,113 $0 $6 0.0%
WELD JOHNSTOWN 3,943 $43,667,711 $14,983,456 $28,684,256$11,075 3,943 $44,281,328 $15,597,073 28,684,256$ $11,230 - $613,617 $613,617 $0 $156 1.4%
WELD GREELEY 22,300 $262,035,698 $174,130,697 $87,905,001$11,751 22,300 $265,227,263 $177,322,262 87,905,001$ $11,894 - $3,191,565 $3,191,565 $0 $143 1.2%
WELD PLATTE VALLEY 1,085 $13,005,746 $0 $13,005,746$11,990 1,083 $13,417,604 $0 13,417,604$ $12,389 (1.7) $411,858 $0 $411,858 $399 3.2%
WELD FT. LUPTON 2,273 $26,638,478 $6,689,085 $19,949,393$11,717 2,264 $27,133,057 $7,183,665 19,949,393$ $11,987 (9.8) $494,580 $494,580 $0 $269 1.9%
WELD AULT-HIGHLAND 997 $11,868,212 $0 $11,868,212$11,904 997 $12,340,501 $50 12,340,451$ $12,378 - $472,289 $50 $472,239 $474 4.0%
WELD BRIGGSDALE 169 $3,365,079 $282 $3,364,797$19,923 167 $3,399,460 $0 3,399,460$ $20,356 (1.9) $34,381 ($282) $34,663 $433 1.0%
WELD PRAIRIE 170 $3,320,629 $960,539 $2,360,090$19,533 167 $3,351,002 $990,912 2,360,090$ $20,090 (3.2) $30,374 $30,374 $0 $557 0.9%
WELD PAWNEE 60 $1,490,701 $68 $1,490,634$24,845 60 $1,497,451 $223 1,497,229$ $24,958 - $6,750 $155 $6,595 $113 0.5%
Prepared by Legislative Council Staff 4/15/2024
County District
Funded
Pupil Count Total Program State Share Local Share PPR
Funded Pupil
Count
Total Program
year 1 of phase in
and hold harmless State Share Local Share PPR
Funded Pupil
Count Total ProgramState Share Local Share PPR
% Change
in Total
Program
FY 2025-26 Under Current Law FY 2025-26 Under Bill Change from Current Law
Appendix A
School Finance Funding Comparison with Current Law
FY 2025-26 with HB24-1448 Relative to Current Law
YUMA YUMA 1 800 $10,546,837 $5,981,966 $4,564,872$13,180 796 $10,611,857 $6,046,985 4,564,872$ $13,338 (4.6) $65,019 $65,019 $0 $158 0.6%
YUMA WRAY RD-2 802 $9,972,599 $6,724,213 $3,248,386$12,435 802 $10,284,537 $7,036,151 3,248,386$ $12,824 - $311,938 $311,938 $0 $389 3.1%
YUMA IDALIA RJ-3 151 $3,176,090 $2,540,050 $636,040$21,020 146 $3,183,283 $2,547,243 636,040$ $21,833 (5.3) $7,193 $7,193 $0 $813 0.2%
YUMA LIBERTY J-4 57 $1,428,546 $926,676 $501,871$25,239 60 $1,434,598 $932,728 501,871$ $23,910 3.4 $6,052 $6,052 $0($1,329) 0.4%
STATE TOTAL 844,281 $9,884,759,731 $5,221,122,139 $4,663,637,592$11,708 839,933 $9,974,000,700 $5,305,874,552 $4,668,126,148$11,875 (4,348) $89,240,969 $84,752,413 $4,488,556 $167 0.9%
Prepared by Legislative Council Staff 4/15/2024