Page 1
April 24, 2024 HB 24-1448
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Revised Fiscal Note
(replaces fiscal note dated April 15, 2024)
Drafting Number:
Prime Sponsors:
LLS 24-0977
Rep. McCluskie; Bacon
Sen. Lundeen; Zenzinger
Date:
Bill Status:
Fiscal Analyst:
April 26, 2024
House Second Reading
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, restructures the
distribution of Permanent Fund interest, and makes other changes related to the
funding of public schools. The bill changes how money flows into two funds 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 $11,717,308 to the
Colorado Department of Education. See State Appropriations Section.
Fiscal Note Status: The fiscal note reflects the introduced bill, as amended by the House Education and
Appropriations Committees. It has also been updated to reflect SB24-188 and
HB24-1393 in the current law baseline.
Table 1. State Fiscal Impacts Under HB 24-1448
Budget Year
FY 2024-25
Out Year
FY 2025-26
Expenditures School Finance
1
- $91,572,126
General Fund $217,308 $171,093
Public School Cap Constr. Assist. Fund $10,000,000 $16,000,000
State Education Fund $10,000,000 $15,000,000
Centrally Appropriated $41,935 $35,474
Total Expenditures $20,259,243 $122,778,693
Total FTE 2.2 FTE 1.8 FTE
Diversions State Public School Fund ($10.0 million) ($16.0 million)
Public School Cap Constr. Assist. Fund ($1.5 million) $4.0 million
Charter School Facilities Account $11.5 million $12.0 million
Net Diversion $0 $0
Other Budget Impacts General Fund Reserve $32,596 $25,664
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 24, 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 Permanent Fund interest and income.
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 or 0.32 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) + $100,000 for some districts
+
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 24, 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 for most districts, except that
districts with a funded pupil count of less than 7,000 and an at-risk percentage of more than
70 percent receive an additional 0.07, for a total at-risk factor of 0.32. 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, compared to FY 2023-24, with extended high school and
online students funded at a flat per student rate ($9,738 in FY 2023-24) that grows annually
by the rate of inflation.
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. Page 4
April 24, 2024 HB 24-1448
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, and districts classified as rural
remote or town remote receive their locale factor calculation, plus $100,000.
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 and hold harmless. Under the bill, districts receive the greater of their total
program under current law, plus 0.5 percent, or their phased in total program, calculated as
the total program 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.
The hold harmless provision remains in place through FY 2029-30, the last year of the
phase-in period. Beginning in FY 2030-31, a district’s total program is calculated based solely
on the new formula.
Review of new formula. The bill establishes conditions that, if met, pause the implementation
of the new formula during the phase in period. The conditions include the following:
o the change in local share of total program is less than inflation minus 2 percent over
the prior year in a property tax assessment year or decreases by at least 2 percent in
a property tax non-assessment year; or
o the March revenue forecast used by the Joint Budget Committee (JBC) for the budget
estimates that the income tax diversion to the State Education Fund (SEF) will
decrease by 5 percent or more in the current or next budget year.
The bill specifies the data and documents used to determine if these conditions have
occurred. The JBC must notify the legislature and the Commissioner of Education if any of
these conditions are met and CDE must calculate district’s total program using the formula
used for the budget year when the condition occurred.
Reporting. Beginning in January 2026, CDE must include in their annual SMART Act hearing
an update on the implementation of the new school finance formula and how district total
program funding is being used at the school level. Page 5
April 24, 2024 HB 24-1448
Administrative units. The bill specifies that districts or state-authorized charter schools that
contract with a multi-district administrative unit for special education services must update
their agreement to include the allocation of special education funding received through the
new formula, no later than July 1, 2025.
Mill levy overrides. Under current law, school districts can levy mill levy overrides (MLOs) that
generate up to 25 percent of their total program funding (30 percent for small rural districts).
Beginning in FY 2025-26, the bill allows a district’s MLO limit to increase if the funding
attributable to the district’s cost of living factor under the new formula in FY 2024-25 is less than
the funding attributable to the cost of living factor under the current formula in FY 2024-25.
CDE must calculate that difference as a percent of the district’s total program in FY 2024-25, and
the district’s MLO cap is allowed to increase by that same percentage.
Mill levy override match working group. The bill creates the MLO match working group to
meet up to five times during the 2024 legislative interim and make recommendations on how to
modify the MLO match program to ensure more equitable funding distribution and greater
access for eligible districts and state authorized charter schools. The working group includes
both legislative and non-legislative members and is staffed by Legislative Council Staff.
Permanent Fund Interest & Capital Construction
The bill restructures how the interest and income earned on the Permanent Fund is distributed
and utilized for public school funding and capital construction.
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 expenses, distributed
to the State Public School Fund (up to $21 million), and the Public School Capital Construction
Assistance Fund (PSCCAF; up to $20.0 million). The bill reduces the distribution to the State
Public School Fund by $10.0 million in FY 2024-25, $16.0 million in FY 2025-26, and $21.0 million
beginning in FY 2026-27, thus eliminating this as an ongoing distribution. The bill
correspondingly increases the distribution to the restricted account of the PSCCAF by those
same amounts.
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. It also requires that CDE apply for a state charter school facilities incentive grant
awarded by the U.S. Department of Education, if eligibility criteria are satisfied.
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.
Reporting. Beginning in February 2026, the Public School Capital Construction Assistance Board
in CDE must include certain data related to charter school capital construction in their annual
report.
Page 6
April 24, 2024 HB 24-1448
Background
Current school finance formula. A detailed overview of the current school finance formula is
available here.
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 Building Excellent
Schools Today (BEST) program.
Assumptions
The fiscal note assumes that the FY 2024-25 Long Bill, Senate Bill 24-188 (School Finance
Act) and House Bill 24-1393 (Accelerating Students through Concurrent Enrollment) will
become law. These bills are included the current law baseline in this fiscal note.
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 Diversions
The bill modifies the flow of Permanent Fund interest and income to the State Public School
Fund, PSCCAF, and the Charter School Facilities Assistance Account. These diversions of funds
are shown in Table 2. Page 7
April 24, 2024 HB 24-1448
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 Interest/Earnings from Permanent Fund
State Public School Fund ($10.0) ($16.0) ($21.0) ($21.0) ($21.0)
PSCCAF $10.0 $16.0 $21.0 $21.0 $21.0
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
State Public School Fund ($10.0) ($16.0) ($21.0) ($21.0) ($21.0)
PSCCAF ($1.5) $4.0 $8.0 $7.0 $6.0
Charter School Facilities Account $11.5 $12.0 $13.0 $14.0 $15.0
Total $0 $0 $0 $0 $0
State Expenditures
The bill increases state expenditures by $20.3 million in FY 2024-25 and $122.8 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, 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.
Page 8
April 24, 2024 HB 24-1448
Table 2
Summary of Expenditures Under HB24-1448
Cost Components FY 2024-25 FY 2025-26
State Share of School Finance - $91,572,126
Backfill for State Public School Fund $10,000,000 $15,000,000
BEST and Charter School Capital Construction $10,000,000 $16,000,000
CDE Costs $184,433 $171,093
Legislative Department Costs $32,875 -
Centrally Appropriated Costs
1
$41,935 $35,474
Total Cost $20,259,243 $122,778,693
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 $94.8 million compared to current law. The state share increases by
$91.6 million and the local share increases by $3.2 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
844,281 $11,749 $9,919,849,443 $5,252,002,805 $4,667,846,638
FY 2025-26
Under Bill
839,933 $11,923 $10,014,663,402 $5,343,574,931 $4,671,088,471
Change (4,348) $174 $94,813,959 $91,572,126 $3,241,833
Percent
Change
-0.5% 1.5% 1.0% 1.7% 0.1%
Compared to FY 2024-25. Compared to projected funding in FY 2024-25, total program under
the bill will be $280.0 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 and the changes to the formula in Senate Bill 24-188
(School Finance Act) and House Bill 24-1393 (Accelerating Students through Concurrent
Enrollment) that apply in FY 2024-25. Page 9
April 24, 2024 HB 24-1448
Future years. The new formula will continue to be phased in though FY 2029-30, with each
district receiving the greater of the amount that it would receive under current law, plus an
increasing portion of the difference between current law funding and the new formula, or the
current law total program funding plus 0.5 percent. 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
$174.3 million in FY 2026-27, $263.5 million in FY 2027-28, $360.8 million in FY 2028-29,
$458.8 million in FY 2029-30, and $571.3 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 24, 2024 HB 24-1448
Permanent Fund Interest & Capital Construction
The changes to the distribution of 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
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 Permanent Fund interest and income,
the bill increases the amount available for capital construction by $10.0 million in FY 2024-25,
$16.0 million in FY 2025-26, and up to $21.0 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
Colorado Department of Education. CDE requires 1.8 FTE beginning in FY 2024-25 in the
School Finance Unit. In FY 2024-25, staff will 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. Costs are shown in Table 7 below and assumed to be paid from the
General Fund.
Page 11
April 24, 2024 HB 24-1448
Table 7
CDE Administration Costs Under HB 24-1448
FY 2024-25 FY 2025-26
Department of Education
Personal Services $168,789 $168,789
Operating Expenses $2,304 $2,304
Capital Outlay Costs $13,340 -
Centrally Appropriated Costs
1
$35,474 $35,474
CDE Total $219,907 $206,567
Total FTE 1.8 FTE 1.8 FTE
Legislative Department. The Legislative Department will incur costs in FY 2024-25 only to
support the MLO Match Program working group. Costs are listed in Table 8 below and include
0.3 FTE for Legislative Council Staff, 0.1 FTE of the Office of Legislative Legal Services, and $2,359
in per diem and travel costs for two legislators to attend five meetings. Costs are paid from the
General Fund.
Table 8
Legislative Department Costs Under HB24-1448
FY 2024-25 FY 2025-26
Legislative Department
Personal Services $30,516 -
Legislative Per Diem & Travel $2,359 -
Centrally Appropriated Costs
1
$6,461 -
Leg. Dept. Total $39,336 -
Total FTE – LCS 0.3 FTE -
Total FTE - OLLS 0.1 FTE -
1
Centrally appropriated costs are not included in the bill's appropriation.
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.
Page 12
April 24, 2024 HB 24-1448
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.
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 $94.8 million compared to current law. It increases the
state share by $91.6 million, and the local share by $3.2 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
Page 13
April 24, 2024 HB 24-1448
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 increases range from 0.5 percent
(29 districts) to 5.2 percent (Kim). Statewide average per pupil funding in FY 2025-26 increases
from $11,749 to $11,923, an increase of $174.
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 173 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.
Hold harmless. Districts whose total program under the new formula, after the phase in, is
below what they would receive under current law plus 0.5 percent will receive their current law
total program plus 0.5 percent. This hold harmless provision is expected to impact 24 districts in
FY 2025-26. 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 plus 0.5 percent 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. The bill also allows a district’s MLO limit to increase if
the district’s cost of living factor under the new formula is less than their cost of living factor in
FY 2024-25. This analysis will be updated as more information becomes available.
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.
Page 14
April 24, 2024 HB 24-1448
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 and includes the following appropriations to the Colorado
Department of Education:
an increase of $184,433 from the General Fund for staff costs, and 1.8 FTE;
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.
The bill also requires and includes a General Fund appropriation of $32,875 to the Legislative
Department. Of that amount, $22,047 and 0.3 FTE is for use by Legislative Council Staff, $8,469
and 0.1 FTE is for use by the Office of Legislative Legal Services, and $2,359 is for use by the
General Assembly.
State and Local Government Contacts
Education Legislative Council Staff Natural Resources
Legislative Legal Services 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 ShareLocal Share PPR
% Change
in Total
Program
ADAMS MAPLETON 6,618 $81,068,879 $44,867,591 $36,201,288$12,250 6,618 $82,675,318 $46,474,031 36,201,288$ $12,492 - $1,606,440 $1,606,440 $0 $243 2.0%
ADAMS ADAMS 12 FIVE STAR 38,483 $444,604,419 $312,397,566 $132,206,853$11,553 38,116 $448,995,815 $316,788,962 132,206,853$ $11,780 (367.4) $4,391,396 $4,391,396 $0 $227 1.0%
ADAMS COMMERCE CITY 5,801 $71,934,201 $35,389,479 $36,544,722$12,401 5,661 $73,401,855 $36,857,133 36,544,722$ $12,966 (139.8) $1,467,654 $1,467,654 $0 $565 2.0%
ADAMS BRIGHTON 23,976 $274,650,480 $179,995,276 $94,655,203$11,455 23,976 $277,573,276 $182,918,073 94,655,203$ $11,577 - $2,922,796 $2,922,796 $0 $122 1.1%
ADAMS BENNETT 1,545 $18,686,566 $3,364,171 $15,322,395$12,096 1,545 $19,294,415 $3,972,020 15,322,395$ $12,490 - $607,849 $607,849 $0 $393 3.3%
ADAMS STRASBURG 1,125 $13,777,684 $9,510,937 $4,266,747$12,247 1,125 $14,236,991 $9,970,244 4,266,747$ $12,655 - $459,308 $459,308 $0 $408 3.3%
ADAMS WESTMINSTER 8,023 $98,075,464 $63,185,741 $34,889,724$12,224 7,838 $98,959,702 $64,069,978 34,889,724$ $12,626 (185.8) $884,237 $884,237 $0 $403 0.9%
ALAMOSA ALAMOSA 2,064 $24,265,840 $18,151,088 $6,114,753$11,757 2,037 $24,758,763 $18,644,010 6,114,753$ $12,154 (26.9) $492,923 $492,923 $0 $397 2.0%
ALAMOSA SANGRE DE CRISTO 274 $4,510,989 $2,878,137 $1,632,852$16,494 274 $4,597,500 $2,964,648 1,632,852$ $16,810 - $86,512 $86,512 $0 $316 1.9%
ARAPAHOE ENGLEWOOD 2,154 $26,457,924 $32,926 $26,424,998$12,283 2,132 $26,783,707 $358,709 26,424,998$ $12,564 (22.2) $325,783 $325,783 $0 $281 1.2%
ARAPAHOE SHERIDAN 959 $13,323,064 $3,741,596 $9,581,468$13,894 935 $13,463,180 $3,881,712 9,581,468$ $14,393 (23.5) $140,116 $140,116 $0 $499 1.1%
ARAPAHOE CHERRY CREEK 50,124 $587,401,271 $387,751,584 $199,649,687$11,719 49,746 $590,338,277 $390,688,590 199,649,687$ $11,867 (377.8) $2,937,006 $2,937,006 $0 $148 0.5%
ARAPAHOE LITTLETON 12,973 $144,892,103 $63,668,886 $81,223,218$11,169 12,865 $145,616,564 $64,393,346 81,223,218$ $11,319 (108.1) $724,461 $724,461 $0 $150 0.5%
ARAPAHOE DEER TRAIL 358 $5,734,982 $4,004,895 $1,730,087$16,020 358 $5,857,088 $4,127,001 1,730,087$ $16,361 - $122,106 $122,106 $0 $341 2.1%
ARAPAHOE AURORA 38,074 $482,460,088 $313,057,615 $169,402,473$12,672 38,074 $487,627,185 $318,224,712 169,402,473$ $12,807 - $5,167,097 $5,167,097 $0 $136 1.1%
ARAPAHOE BYERS 6,090 $69,900,040 $67,635,359 $2,264,681$11,479 6,090 $70,508,204 $68,243,523 2,264,681$ $11,579 - $608,164 $608,164 $0 $100 0.9%
ARCHULETA ARCHULETA 1,583 $19,139,706 $1,871,865 $17,267,841$12,091 1,561 $19,564,858 $2,297,017 17,267,841$ $12,530 (21.6) $425,152 $425,152 $0 $440 2.2%
BACA WALSH 164 $3,381,111 $2,625,310 $755,801$20,617 164 $3,441,915 $2,686,114 755,801$ $20,987 - $60,804 $60,804 $0 $371 1.8%
BACA PRITCHETT 50 $1,313,483 $468,264 $845,219$26,061 60 $1,363,679 $518,460 845,219$ $22,728 9.6 $50,196 $50,196 $0($3,333) 3.8%
BACA SPRINGFIELD 258 $4,320,442 $3,101,047 $1,219,395$16,765 258 $4,422,725 $3,203,330 1,219,395$ $17,162 - $102,283 $102,283 $0 $397 2.4%
BACA VILAS 210 $3,800,675 $3,583,409 $217,266$18,064 210 $3,855,348 $3,638,082 217,266$ $18,324 - $54,673 $54,673 $0 $260 1.4%
BACA CAMPO 50 $1,248,207 $902,989 $345,217$24,964 60 $1,297,117 $951,900 345,217$ $21,619 10.0 $48,911 $48,911 $0($3,346) 3.9%
BENT LAS ANIMAS 943 $11,734,118 $9,527,474 $2,206,644$12,441 943 $11,852,881 $9,646,237 2,206,644$ $12,576 (0.7) $118,763 $118,763 $0 $135 1.0%
BENT MCCLAVE 228 $3,883,802 $3,119,425 $764,377$17,042 228 $3,973,993 $3,209,615 764,377$ $17,437 - $90,190 $90,190 $0 $396 2.3%
BOULDER ST VRAIN 30,942 $352,051,974 $154,114,004 $197,937,970$11,378 30,866 $353,812,234 $155,874,264 197,937,970$ $11,463 (75.8) $1,760,260 $1,760,260 $0 $85 0.5%
BOULDER BOULDER 27,210 $313,017,219 $5,863,407 $307,153,813$11,504 27,113 $314,582,306 $7,428,493 307,153,813$ $11,603 (97.8) $1,565,086 $1,565,086 $0 $99 0.5%
CHAFFEE BUENA VISTA 928 $11,536,296 $542,421 $10,993,875$12,431 920 $11,764,822 $770,947 10,993,875$ $12,788 (8.0) $228,526 $228,526 $0 $356 2.0%
CHAFFEE SALIDA 1,414 $16,347,615 $5,153,941 $11,193,674$11,565 1,414 $16,801,036 $5,607,362 11,193,674$ $11,885 - $453,421 $453,421 $0 $321 2.8%
CHEYENNE KIT CARSON 93 $2,139,918 $1,399,407 $740,511$22,936 93 $2,167,697 $1,427,185 740,511$ $23,234 - $27,778 $27,778 $0 $298 1.3%
CHEYENNE CHEYENNE 179 $3,594,243 $2,302,895 $1,291,348$20,080 179 $3,631,773 $2,340,425 1,291,348$ $20,289 - $37,530 $37,530 $0 $210 1.0%
CLEAR CREEK CLEAR CREEK 600 $8,022,722 $2,738,795 $5,283,927$13,378 591 $8,200,626 $2,916,699 5,283,927$ $13,876 (8.7) $177,904 $177,904 $0 $498 2.2%
CONEJOS NORTH CONEJOS 964 $11,836,907 $10,557,708 $1,279,199$12,283 953 $12,142,454 $10,863,255 1,279,199$ $12,747 (11.1) $305,546 $305,546 $0 $464 2.6%
CONEJOS SANFORD 414 $5,746,308 $5,345,897 $400,410$13,880 414 $5,889,154 $5,488,744 400,410$ $14,225 - $142,846 $142,846 $0 $345 2.5%
CONEJOS SOUTH CONEJOS 170 $3,562,789 $2,399,971 $1,162,818$20,958 170 $3,616,725 $2,453,907 1,162,818$ $21,275 - $53,936 $53,936 $0 $317 1.5%
COSTILLA CENTENNIAL 162 $3,423,040 $1,805,416 $1,617,624$21,078 159 $3,476,377 $1,858,753 1,617,624$ $21,919 (3.8) $53,337 $53,337 $0 $841 1.6%
COSTILLA SIERRA GRANDE 284 $4,672,627 $1,906,424 $2,766,202$16,453 284 $4,801,442 $2,035,240 2,766,202$ $16,906 - $128,815 $128,815 $0 $454 2.8%
CROWLEY CROWLEY 360 $5,372,898 $3,843,442 $1,529,456$14,916 350 $5,523,018 $3,993,562 1,529,456$ $15,803 (10.7) $150,120 $150,120 $0 $886 2.8%
CUSTER WESTCLIFFE 308 $4,914,630 $0 $4,914,630$15,936 303 $5,036,240 $76 5,036,164$ $16,643 (5.8) $121,611 $76 $121,535 $707 2.5%
DELTA DELTA 4,257 $49,386,432 $30,802,287 $18,584,146$11,601 4,204 $49,783,807 $31,199,661 18,584,146$ $11,842 (53.1) $397,374 $397,374 $0 $241 0.8%
DENVER DENVER 82,989 $999,864,851 $256,180,890 $743,683,961$12,048 82,593 $1,009,460,065 $265,776,104 743,683,961$ $12,222 (396.2) $9,595,214 $9,595,214 $0 $174 1.0%
DOLORES DOLORES 236 $4,348,424 $2,371,888 $1,976,536$18,426 235 $4,416,077 $2,439,541 1,976,536$ $18,832 (1.5) $67,653 $67,653 $0 $406 1.6%
DOUGLAS DOUGLAS 62,355 $699,012,831 $376,552,916 $322,459,915$11,210 61,970 $702,507,895 $380,047,980 322,459,915$ $11,336 (385.0) $3,495,064 $3,495,064 $0 $126 0.5%
EAGLE EAGLE 6,540 $79,917,558 $16,502,259 $63,415,300$12,220 6,486 $81,217,547 $17,802,247 63,415,300$ $12,522 (53.8) $1,299,989 $1,299,989 $0 $302 1.6%
ELBERT ELIZABETH 2,936 $33,928,812 $21,431,154 $12,497,658$11,555 2,936 $34,784,416 $22,286,758 12,497,658$ $11,846 - $855,604 $855,604 $0 $291 2.5%
ELBERT KIOWA 316 $5,178,379 $3,184,414 $1,993,965$16,413 316 $5,236,126 $3,242,162 1,993,965$ $16,596 - $57,748 $57,748 $0 $183 1.1%
ELBERT BIG SANDY 305 $5,112,385 $3,610,510 $1,501,875$16,740 305 $5,202,167 $3,700,292 1,501,875$ $17,034 - $89,782 $89,782 $0 $294 1.8%
ELBERT ELBERT 257 $4,536,944 $3,437,314 $1,099,630$17,688 257 $4,576,943 $3,477,313 1,099,630$ $17,844 - $39,999 $39,999 $0 $156 0.9%
ELBERT AGATE 65 $1,710,954 $929,049 $781,905$26,322 63 $1,719,508 $937,604 781,905$ $27,122 (1.6) $8,555 $8,555 $0 $799 0.5%
EL PASO CALHAN 431 $6,263,363 $4,394,491 $1,868,872$14,532 431 $6,381,143 $4,512,271 1,868,872$ $14,805 - $117,779 $117,779 $0 $273 1.9%
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 $101,385,535 $72,080,827 $29,304,708$11,094 9,117 $102,779,476 $73,474,769 29,304,708$ $11,274 (21.9) $1,393,942 $1,393,942 $0 $180 1.4%
EL PASO FOUNTAIN 7,417 $82,981,834 $75,185,809 $7,796,025$11,188 7,302 $83,985,366 $76,189,341 7,796,025$ $11,502 (114.9) $1,003,533 $1,003,533 $0 $313 1.2%
EL PASO COLORADO SPRINGS 25,537 $294,689,904 $184,842,692 $109,847,213$11,540 25,473 $297,147,691 $187,300,478 109,847,213$ $11,665 (64.5) $2,457,786 $2,457,786 $0 $126 0.8%
EL PASO CHEYENNE MOUNTAIN 3,653 $40,451,218 $21,565,013 $18,886,205$11,073 3,653 $40,735,177 $21,848,972 18,886,205$ $11,151 - $283,959 $283,959 $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 $284,444,212 $192,325,370 $92,118,842$11,049 25,745 $285,866,433 $193,747,591 92,118,842$ $11,104 - $1,422,221 $1,422,221 $0 $55 0.5%
EL PASO ELLICOTT 888 $11,749,399 $9,707,541 $2,041,859$13,231 887 $12,060,459 $10,018,600 2,041,859$ $13,595 (0.9) $311,059 $311,059 $0 $364 2.6%
EL PASO PEYTON 589 $7,837,424 $5,375,700 $2,461,724$13,318 589 $8,005,246 $5,543,522 2,461,724$ $13,603 - $167,822 $167,822 $0 $285 2.1%
EL PASO HANOVER 255 $4,638,174 $3,797,403 $840,771$18,189 254 $4,725,258 $3,884,487 840,771$ $18,581 (0.7) $87,084 $87,084 $0 $393 1.9%
EL PASO LEWIS-PALMER 6,304 $69,784,737 $39,257,044 $30,527,693$11,070 6,303 $70,153,055 $39,625,361 30,527,693$ $11,130 (0.6) $368,317 $368,317 $0 $59 0.5%
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
HB24-1448 as amended by the House Education & Appropriations Committees; current law includes SB24-188 (School Finance Act) and HB23-1393 (ASCENT)
Prepared by Legislative Council Staff 4/26/2024
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 ShareLocal 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
HB24-1448 as amended by the House Education & Appropriations Committees; current law includes SB24-188 (School Finance Act) and HB23-1393 (ASCENT)
EL PASO FALCON 31,537 $352,165,089 $295,584,893 $56,580,195$11,167 31,537 $354,630,885 $298,050,690 56,580,195$ $11,245 - $2,465,797 $2,465,797 $0 $78 0.7%
EL PASO EDISON 78 $1,935,123 $1,686,809 $248,313$24,841 68 $1,944,798 $1,696,485 248,313$ $28,433 (9.5) $9,676 $9,676 $0$3,592 0.5%
EL PASO MIAMI-YODER 424 $6,114,298 $4,835,174 $1,279,123$14,421 424 $6,322,544 $5,043,421 1,279,123$ $14,912 - $208,246 $208,246 $0 $491 3.4%
FREMONT CANON CITY 3,148 $35,784,741 $23,422,813 $12,361,928$11,366 3,107 $36,352,842 $23,990,914 12,361,928$ $11,700 (41.2) $568,101 $568,101 $0 $334 1.6%
FREMONT FLORENCE 1,274 $14,972,967 $10,048,934 $4,924,033$11,755 1,256 $15,434,105 $10,510,072 4,924,033$ $12,284 (17.4) $461,138 $461,138 $0 $530 3.1%
FREMONT COTOPAXI 164 $3,443,039 $278,785 $3,164,255$20,994 157 $3,497,530 $333,275 3,164,255$ $22,348 (7.5) $54,491 $54,491 $0$1,354 1.6%
GARFIELD ROARING FORK 6,013 $75,102,551 $13,786,458 $61,316,093$12,491 6,013 $76,350,728 $15,034,635 61,316,093$ $12,698 - $1,248,177 $1,248,177 $0 $208 1.7%
GARFIELD RIFLE 4,498 $51,182,024 $38,638,983 $12,543,041$11,379 4,498 $52,569,758 $40,026,717 12,543,041$ $11,688 - $1,387,734 $1,387,734 $0 $309 2.7%
GARFIELD PARACHUTE 1,113 $14,467,212 $10,035,190 $4,432,023$12,998 1,107 $14,690,791 $10,258,768 4,432,023$ $13,276 (6.4) $223,579 $223,579 $0 $277 1.5%
GILPIN GILPIN 378 $5,854,691 $2,416,508 $3,438,183$15,480 369 $5,905,423 $2,467,240 3,438,183$ $15,987 (8.8) $50,732 $50,732 $0 $506 0.9%
GRAND WEST GRAND 425 $6,259,230 $3,596,893 $2,662,337$14,745 425 $6,437,068 $3,774,732 2,662,337$ $15,164 - $177,838 $177,838 $0 $419 2.8%
GRAND EAST GRAND 1,232 $14,716,511 $686 $14,715,825$11,948 1,228 $15,409,985 $316 15,409,669$ $12,549 (3.7) $693,474 ($370) $693,844 $601 4.7%
GUNNISON GUNNISON 1,989 $23,431,523 $3,427,191 $20,004,332$11,779 1,985 $24,446,584 $4,442,252 20,004,332$ $12,317 (4.4) $1,015,061 $1,015,061 $0 $538 4.3%
HINSDALE HINSDALE 69 $1,837,199 $318,018 $1,519,181$26,588 69 $1,846,385 $327,204 1,519,181$ $26,720 - $9,186 $9,186 $0 $133 0.5%
HUERFANO HUERFANO 447 $6,375,291 $2,219,574 $4,155,717$14,272 442 $6,480,348 $2,324,631 4,155,717$ $14,665 (4.8) $105,057 $105,057 $0 $393 1.6%
HUERFANO LA VETA 202 $3,748,646 $2,390,819 $1,357,827$18,530 202 $3,850,175 $2,492,348 1,357,827$ $19,032 - $101,529 $101,529 $0 $502 2.7%
JACKSON NORTH PARK 148 $3,200,624 $191,574 $3,009,050$21,568 147 $3,223,668 $214,618 3,009,050$ $21,885 (1.1) $23,043 $23,043 $0 $317 0.7%
JEFFERSON JEFFERSON 73,358 $830,175,945 $392,536,459 $437,639,486$11,317 72,765 $834,434,839 $396,795,353 437,639,486$ $11,468 (593.3) $4,258,894 $4,258,894 $0 $151 0.5%
KIOWA EADS 190 $3,620,144 $2,910,202 $709,942$19,053 190 $3,685,735 $2,975,793 709,942$ $19,399 - $65,591 $65,591 $0 $345 1.8%
KIOWA PLAINVIEW 209 $3,543,888 $2,957,077 $586,811$16,948 209 $3,622,775 $3,035,964 586,811$ $17,326 - $78,887 $78,887 $0 $377 2.2%
KIT CARSON ARRIBA-FLAGLER 151 $3,096,186 $1,666,433 $1,429,752$20,518 151 $3,161,470 $1,731,718 1,429,752$ $20,951 - $65,284 $65,284 $0 $433 2.1%
KIT CARSON HI PLAINS 109 $2,353,089 $1,428,193 $924,895$21,568 108 $2,399,128 $1,474,232 924,895$ $22,214 (1.1) $46,039 $46,039 $0 $646 2.0%
KIT CARSON STRATTON 200 $3,739,650 $2,915,775 $823,875$18,717 198 $3,823,149 $2,999,274 823,875$ $19,358 (2.3) $83,499 $83,499 $0 $641 2.2%
KIT CARSON BETHUNE 99 $2,347,706 $1,776,554 $571,151$23,690 98 $2,361,371 $1,790,219 571,151$ $23,998 (0.7) $13,665 $13,665 $0 $307 0.6%
KIT CARSON BURLINGTON 697 $8,828,229 $4,895,802 $3,932,427$12,659 697 $9,017,578 $5,085,150 3,932,427$ $12,930 - $189,349 $189,349 $0 $272 2.1%
LAKE LAKE 874 $11,463,538 $194 $11,463,344$13,115 861 $11,741,841 $226 11,741,614$ $13,641 (13.3) $278,302 $32 $278,270 $526 2.4%
LA PLATA DURANGO 5,645 $65,803,599 $43,241,602 $22,561,997$11,656 5,617 $66,428,253 $43,866,256 22,561,997$ $11,827 (28.8) $624,654 $624,654 $0 $171 0.9%
LA PLATA BAYFIELD 1,261 $15,600,021 $11,655,895 $3,944,125$12,374 1,245 $15,812,254 $11,868,129 3,944,125$ $12,698 (15.4) $212,233 $212,233 $0 $323 1.4%
LA PLATA IGNACIO 743 $10,095,303 $7,817,674 $2,277,629$13,584 743 $10,278,350 $8,000,721 2,277,629$ $13,830 - $183,047 $183,047 $0 $246 1.8%
LARIMER POUDRE 32,605 $360,506,334 $200,808,116 $159,698,218$11,057 32,605 $362,308,866 $202,610,648 159,698,218$ $11,112 - $1,802,532 $1,802,532 $0 $55 0.5%
LARIMER THOMPSON 14,454 $160,005,010 $54,133,863 $105,871,147$11,070 14,361 $161,160,614 $55,289,467 105,871,147$ $11,222 (93.1) $1,155,604 $1,155,604 $0 $152 0.7%
LARIMER ESTES PARK 955 $12,495,232 $272 $12,494,960$13,087 943 $12,622,151 $0 12,622,151$ $13,392 (12.3) $126,919 ($272) $127,191 $305 1.0%
LAS ANIMAS TRINIDAD 762 $10,469,758 $6,739,725 $3,730,033$13,742 755 $10,539,097 $6,809,063 3,730,033$ $13,968 (7.4) $69,339 $69,339 $0 $227 0.7%
LAS ANIMAS PRIMERO 233 $4,157,593 $3,369,868 $787,725$17,874 233 $4,236,296 $3,448,571 787,725$ $18,213 - $78,703 $78,703 $0 $338 1.9%
LAS ANIMAS HOEHNE 291 $4,599,027 $2,673,538 $1,925,490$15,804 285 $4,628,227 $2,702,737 1,925,490$ $16,222 (5.7) $29,200 $29,200 $0 $418 0.6%
LAS ANIMAS AGUILAR 106 $2,441,684 $1,425,236 $1,016,448$23,035 106 $2,489,552 $1,473,103 1,016,448$ $23,486 - $47,867 $47,867 $0 $452 2.0%
LAS ANIMAS BRANSON 406 $4,808,724 $4,227,136 $581,588$11,835 406 $4,871,700 $4,290,112 581,588$ $11,999 (0.3) $62,976 $62,976 $0 $164 1.3%
LAS ANIMAS KIM 50 $1,176,292 $706,791 $469,501$23,526 60 $1,237,284 $767,783 469,501$ $20,621 10.0 $60,992 $60,992 $0($2,904) 5.2%
LINCOLN GENOA-HUGO 208 $3,904,673 $2,345,793 $1,558,880$18,772 208 $3,978,496 $2,419,616 1,558,880$ $19,127 - $73,823 $73,823 $0 $355 1.9%
LINCOLN LIMON 462 $6,186,792 $3,355,592 $2,831,201$13,406 462 $6,391,128 $3,559,927 2,831,201$ $13,849 - $204,336 $204,336 $0 $443 3.3%
LINCOLN KARVAL 50 $1,272,531 $1,058,710 $213,822$25,451 60 $1,327,561 $1,113,739 213,822$ $22,126 10.0 $55,030 $55,030 $0($3,325) 4.3%
LOGAN VALLEY 1,793 $21,080,016 $13,148,761 $7,931,255$11,759 1,769 $21,336,139 $13,404,884 7,931,255$ $12,062 (23.8) $256,123 $256,123 $0 $303 1.2%
LOGAN FRENCHMAN 198 $3,685,058 $2,160,663 $1,524,395$18,640 198 $3,741,277 $2,216,882 1,524,395$ $18,934 (0.1) $56,218 $56,218 $0 $294 1.5%
LOGAN BUFFALO 319 $4,949,980 $3,592,012 $1,357,968$15,517 319 $5,000,477 $3,642,509 1,357,968$ $15,675 - $50,497 $50,497 $0 $158 1.0%
LOGAN PLATEAU 188 $3,609,639 $2,025,424 $1,584,216$19,200 188 $3,655,964 $2,071,748 1,584,216$ $19,447 - $46,325 $46,325 $0 $246 1.3%
MESA DEBEQUE 159 $3,397,373 $2,257,686 $1,139,688$21,435 159 $3,436,147 $2,296,459 1,139,688$ $21,679 - $38,773 $38,773 $0 $245 1.1%
MESA PLATEAU VALLEY 311 $4,879,792 $2,447,375 $2,432,417$15,716 311 $4,946,532 $2,514,115 2,432,417$ $15,931 - $66,740 $66,740 $0 $215 1.4%
MESA MESA VALLEY 20,615 $228,263,459 $139,881,541 $88,381,919$11,073 20,328 $229,404,777 $141,022,858 88,381,919$ $11,285 (286.5) $1,141,317 $1,141,317 $0 $212 0.5%
MINERAL CREEDE 114 $2,668,685 $805,951 $1,862,734$23,410 114 $2,682,510 $819,776 1,862,734$ $23,531 - $13,825 $13,825 $0 $121 0.5%
MOFFAT MOFFAT 1,834 $21,174,780 $9,302,741 $11,872,039$11,544 1,807 $21,780,208 $9,908,169 11,872,039$ $12,057 (27.7) $605,428 $605,428 $0 $512 2.9%
MONTEZUMA MONTEZUMA 2,454 $28,062,708 $12,013,394 $16,049,314$11,435 2,430 $28,695,521 $12,646,207 16,049,314$ $11,809 (24.2) $632,813 $632,813 $0 $374 2.3%
MONTEZUMA DOLORES 649 $8,474,153 $6,461,806 $2,012,347$13,057 649 $8,682,222 $6,669,875 2,012,347$ $13,378 - $208,069 $208,069 $0 $321 2.5%
MONTEZUMA MANCOS 515 $6,886,639 $5,410,236 $1,476,403$13,372 515 $7,126,240 $5,649,837 1,476,403$ $13,837 - $239,602 $239,602 $0 $465 3.5%
MONTROSE MONTROSE 5,724 $67,825,157 $39,635,289 $28,189,868$11,850 5,713 $69,044,708 $40,854,840 28,189,868$ $12,086 (11.0) $1,219,551 $1,219,551 $0 $236 1.8%
MONTROSE WEST END 231 $4,419,558 $3,613,834 $805,724$19,149 229 $4,466,257 $3,660,533 805,724$ $19,503 (1.8) $46,699 $46,699 $0 $354 1.1%
MORGAN BRUSH 1,360 $16,941,318 $8,217,873 $8,723,445$12,457 1,360 $17,250,692 $8,527,247 8,723,445$ $12,684 - $309,374 $309,374 $0 $227 1.8%
MORGAN FT. MORGAN 3,263 $38,946,117 $27,285,028 $11,661,088$11,936 3,263 $39,771,369 $28,110,281 11,661,088$ $12,189 - $825,252 $825,252 $0 $253 2.1%
MORGAN WELDON 197 $3,905,465 $2,861,559 $1,043,905$19,845 195 $3,926,918 $2,883,012 1,043,905$ $20,128 (1.7) $21,453 $21,453 $0 $283 0.5%
MORGAN WIGGINS 852 $10,764,292 $0 $10,764,292$12,634 852 $11,158,127 $0 11,158,127$ $13,096 - $393,836 $0 $393,836 $462 3.7%
OTERO EAST OTERO 1,325 $16,483,629 $13,199,921 $3,283,709$12,440 1,318 $16,716,983 $13,433,275 3,283,709$ $12,685 (7.2) $233,354 $233,354 $0 $245 1.4%
Prepared by Legislative Council Staff 4/26/2024
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 ShareLocal 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
HB24-1448 as amended by the House Education & Appropriations Committees; current law includes SB24-188 (School Finance Act) and HB23-1393 (ASCENT)
OTERO ROCKY FORD 611 $8,401,471 $6,922,344 $1,479,127$13,757 594 $8,458,099 $6,978,972 1,479,127$ $14,251 (17.2) $56,628 $56,628 $0 $494 0.7%
OTERO MANZANOLA 174 $3,684,145 $3,283,242 $400,903$21,210 174 $3,702,565 $3,301,662 400,903$ $21,316 - $18,421 $18,421 $0 $106 0.5%
OTERO FOWLER 361 $5,382,871 $4,333,717 $1,049,154$14,932 361 $5,518,828 $4,469,674 1,049,154$ $15,309 - $135,957 $135,957 $0 $377 2.5%
OTERO CHERAW 216 $3,999,971 $3,670,840 $329,130$18,518 216 $4,019,971 $3,690,840 329,130$ $18,611 - $20,000 $20,000 $0 $93 0.5%
OTERO SWINK 305 $4,840,255 $4,038,553 $801,701$15,896 303 $4,864,456 $4,062,755 801,701$ $16,065 (1.7) $24,201 $24,201 $0 $169 0.5%
OURAY OURAY 159 $3,680,254 $611,362 $3,068,892$23,161 155 $3,698,655 $629,763 3,068,892$ $23,847 (3.8) $18,401 $18,401 $0 $686 0.5%
OURAY RIDGWAY 299 $5,148,938 $793,343 $4,355,595$17,198 297 $5,216,447 $860,852 4,355,595$ $17,587 (2.8) $67,509 $67,509 $0 $390 1.3%
PARK PLATTE CANYON 710 $9,523,380 $3,076,669 $6,446,711$13,411 697 $9,716,768 $3,270,057 6,446,711$ $13,933 (12.7) $193,388 $193,388 $0 $522 2.0%
PARK PARK 523 $7,184,582 $0 $7,184,582$13,740 522 $7,427,455 $246 7,427,209$ $14,234 (1.1) $242,873 $246 $242,627 $494 3.4%
PHILLIPS HOLYOKE 549 $7,302,010 $4,404,139 $2,897,871$13,293 537 $7,487,884 $4,590,013 2,897,871$ $13,947 (12.4) $185,874 $185,874 $0 $653 2.5%
PHILLIPS HAXTUN 291 $4,389,929 $3,137,460 $1,252,469$15,075 286 $4,498,158 $3,245,690 1,252,469$ $15,739 (5.4) $108,230 $108,230 $0 $664 2.5%
PITKIN ASPEN 1,548 $23,548,921 $0 $23,548,921$15,209 1,527 $23,666,666 $115,690 23,550,976$ $15,503 (21.8) $117,745 $115,690 $2,055 $294 0.5%
PROWERS GRANADA 189 $3,664,194 $3,051,834 $612,360$19,428 189 $3,738,547 $3,126,187 612,360$ $19,823 - $74,353 $74,353 $0 $394 2.0%
PROWERS LAMAR 1,383 $16,848,936 $13,684,357 $3,164,578$12,185 1,360 $17,104,643 $13,940,064 3,164,578$ $12,574 (22.5) $255,707 $255,707 $0 $390 1.5%
PROWERS HOLLY 246 $4,123,998 $3,058,416 $1,065,581$16,771 245 $4,234,029 $3,168,448 1,065,581$ $17,254 (0.5) $110,032 $110,032 $0 $483 2.7%
PROWERS WILEY 245 $4,137,621 $3,643,649 $493,971$16,861 245 $4,186,991 $3,693,020 493,971$ $17,062 - $49,370 $49,370 $0 $201 1.2%
PUEBLO PUEBLO CITY 13,944 $166,075,468 $119,678,887 $46,396,582$11,910 13,821 $167,038,003 $120,641,421 46,396,582$ $12,086 (122.5) $962,535 $962,535 $0 $175 0.6%
PUEBLO PUEBLO RURAL 10,268 $113,564,209 $76,976,347 $36,587,862$11,060 10,262 $115,060,086 $78,472,224 36,587,862$ $11,212 (5.7) $1,495,877 $1,495,877 $0 $152 1.3%
RIO BLANCO MEEKER 679 $8,533,040 $4,749,107 $3,783,933$12,563 679 $8,809,815 $5,025,882 3,783,933$ $12,971 - $276,775 $276,775 $0 $408 3.2%
RIO BLANCO RANGELY 485 $6,247,604 $4,383,304 $1,864,300$12,895 485 $6,450,738 $4,586,438 1,864,300$ $13,314 - $203,135 $203,135 $0 $419 3.3%
RIO GRANDE DEL NORTE 380 $5,638,071 $2,405,167 $3,232,904$14,857 373 $5,767,366 $2,534,462 3,232,904$ $15,479 (6.9) $129,295 $129,295 $0 $622 2.3%
RIO GRANDE MONTE VISTA 954 $12,001,664 $9,291,216 $2,710,448$12,587 946 $12,204,927 $9,494,479 2,710,448$ $12,907 (7.9) $203,263 $203,263 $0 $320 1.7%
RIO GRANDE SARGENT 304 $4,742,650 $3,234,562 $1,508,088$15,580 298 $4,787,335 $3,279,247 1,508,088$ $16,049 (6.1) $44,685 $44,685 $0 $468 0.9%
ROUTT HAYDEN 420 $6,162,001 $1,738,637 $4,423,364$14,671 420 $6,316,645 $1,893,281 4,423,364$ $15,040 - $154,644 $154,644 $0 $368 2.5%
ROUTT STEAMBOAT SPRINGS 2,639 $31,139,532 $19,633,542 $11,505,990$11,800 2,619 $31,642,715 $20,138,744 11,503,970$ $12,081 (19.6) $503,183 $505,203 ($2,020)$280 1.6%
ROUTT SOUTH ROUTT 321 $5,270,245 $1,765,737 $3,504,508$16,418 321 $5,373,119 $1,868,611 3,504,508$ $16,739 - $102,874 $102,874 $0 $320 2.0%
SAGUACHE MOUNTAIN VALLEY 183 $3,622,221 $2,428,805 $1,193,416$19,750 183 $3,692,123 $2,498,707 1,193,416$ $20,132 - $69,902 $69,902 $0 $381 1.9%
SAGUACHE MOFFAT 187 $4,131,741 $2,412,024 $1,719,717$22,154 187 $4,152,400 $2,432,682 1,719,717$ $22,265 - $20,659 $20,659 $0 $111 0.5%
SAGUACHE CENTER 572 $7,906,858 $6,347,857 $1,559,001$13,835 568 $8,190,727 $6,631,726 1,559,001$ $14,413 (3.2) $283,869 $283,869 $0 $577 3.6%
SAN JUAN SILVERTON 79 $1,978,304 $637,548 $1,340,755$25,137 79 $1,992,691 $651,935 1,340,755$ $25,352 (0.1) $14,387 $14,387 $0 $215 0.7%
SAN MIGUEL TELLURIDE 808 $13,113,225 $2,697,138 $10,416,086$16,233 790 $13,178,791 $2,762,704 10,416,086$ $16,684 (17.9) $65,566 $65,566 $0 $451 0.5%
SAN MIGUEL NORWOOD 169 $3,711,877 $3,147,364 $564,514$21,964 168 $3,730,437 $3,165,923 564,514$ $22,165 (0.7) $18,559 $18,559 $0 $202 0.5%
SEDGWICK JULESBURG 775 $9,178,188 $8,079,059 $1,099,129$11,838 775 $9,340,212 $8,241,083 1,099,129$ $12,047 - $162,024 $162,024 $0 $209 1.8%
SEDGWICK PLATTE VALLEY 125 $2,762,853 $1,800,409 $962,444$22,050 125 $2,789,764 $1,827,320 962,444$ $22,265 - $26,911 $26,911 $0 $215 1.0%
SUMMIT SUMMIT 3,442 $43,051,361 $1,114 $43,050,246$12,507 3,428 $43,919,553 $365,442 43,554,111$ $12,814 (14.8) $868,192 $364,327 $503,865 $307 2.0%
TELLER CRIPPLE CREEK 290 $4,823,123 $229 $4,822,894$16,609 288 $4,950,134 $0 4,950,134$ $17,188 (2.4) $127,011 ($229) $127,240 $579 2.6%
TELLER WOODLAND PARK 1,842 $21,392,925 $7,192,805 $14,200,120$11,615 1,794 $21,597,540 $7,397,420 14,200,120$ $12,039 (47.9) $204,615 $204,615 $0 $424 1.0%
WASHINGTON AKRON 409 $5,850,755 $4,111,887 $1,738,867$14,305 409 $6,004,525 $4,265,658 1,738,867$ $14,681 - $153,771 $153,771 $0 $376 2.6%
WASHINGTON ARICKAREE 82 $2,016,365 $1,267,496 $748,869$24,710 81 $2,029,489 $1,280,619 748,869$ $25,211 (1.1) $13,123 $13,123 $0 $501 0.7%
WASHINGTON OTIS 201 $3,898,145 $3,111,350 $786,795$19,394 201 $3,952,366 $3,165,571 786,795$ $19,664 - $54,221 $54,221 $0 $270 1.4%
WASHINGTON LONE STAR 124 $2,812,725 $1,848,987 $963,738$22,757 123 $2,826,958 $1,863,220 963,738$ $22,927 (0.3) $14,233 $14,233 $0 $171 0.5%
WASHINGTON WOODLIN 72 $1,777,496 $675,764 $1,101,732$24,687 72 $1,797,476 $695,744 1,101,732$ $24,965 - $19,979 $19,979 $0 $277 1.1%
WELD GILCREST 1,711 $20,296,520 $5,619,530 $14,676,990$11,865 1,692 $21,068,302 $6,391,312 14,676,990$ $12,452 (18.6) $771,782 $771,782 $0 $587 3.8%
WELD EATON 2,049 $23,199,662 $0 $23,199,662$11,322 2,049 $23,473,979 $205,648 23,268,331$ $11,456 - $274,317 $205,648 $68,669 $134 1.2%
WELD KEENESBURG 2,593 $30,175,951 $5,236,148 $24,939,803$11,637 2,593 $31,374,663 $6,434,860 24,939,803$ $12,100 - $1,198,712 $1,198,712 $0 $462 4.0%
WELD WINDSOR 8,371 $92,712,676 $27,642,304 $65,070,371$11,075 8,371 $93,176,239 $28,105,868 65,070,371$ $11,131 - $463,563 $463,563 $0 $55 0.5%
WELD JOHNSTOWN 3,943 $44,382,384 $15,698,128 $28,684,256$11,256 3,943 $44,867,360 $16,183,104 28,684,256$ $11,379 - $484,976 $484,976 $0 $123 1.1%
WELD GREELEY 22,300 $262,031,549 $174,126,548 $87,905,001$11,750 22,300 $265,223,861 $177,318,860 87,905,001$ $11,894 - $3,192,312 $3,192,312 $0 $143 1.2%
WELD PLATTE VALLEY 1,085 $13,203,617 $1,429 $13,202,188$12,173 1,083 $13,579,859 $0 13,579,859$ $12,539 (1.7) $376,241 ($1,429) $377,670 $367 2.8%
WELD FT. LUPTON 2,273 $27,053,191 $7,103,799 $19,949,393$11,900 2,264 $27,473,122 $7,523,730 19,949,393$ $12,137 (9.8) $419,931 $419,931 $0 $237 1.6%
WELD AULT-HIGHLAND 997 $12,349,753 $0 $12,349,753$12,387 997 $12,735,365 $102,179 12,633,186$ $12,774 - $385,612 $102,179 $283,433 $387 3.1%
WELD BRIGGSDALE 169 $3,465,079 $0 $3,465,079$20,516 167 $3,482,404 $773 3,481,631$ $20,853 (1.9) $17,325 $773 $16,553 $337 0.5%
WELD PRAIRIE 170 $3,420,629 $1,060,539 $2,360,090$20,121 167 $3,451,002 $1,090,912 2,360,090$ $20,689 (3.2) $30,374 $30,374 $0 $568 0.9%
WELD PAWNEE 60 $1,590,701 $201 $1,590,501$26,512 60 $1,598,655 $1,088 1,597,567$ $26,644 - $7,954 $887 $7,066 $133 0.5%
YUMA YUMA 1 800 $10,933,326 $6,368,454 $4,564,872$13,663 796 $11,007,781 $6,442,910 4,564,872$ $13,836 (4.6) $74,455 $74,455 $0 $173 0.7%
YUMA WRAY RD-2 802 $10,359,035 $7,110,649 $3,248,386$12,917 802 $10,619,415 $7,371,028 3,248,386$ $13,241 - $260,380 $260,380 $0 $325 2.5%
YUMA IDALIA RJ-3 151 $3,276,090 $2,640,050 $636,040$21,682 146 $3,292,470 $2,656,431 636,040$ $22,582 (5.3) $16,380 $16,380 $0 $901 0.5%
YUMA LIBERTY J-4 57 $1,528,546 $1,026,676 $501,871$27,006 60 $1,536,189 $1,034,318 501,871$ $25,603 3.4 $7,643 $7,643 $0($1,403) 0.5%
STATE TOTAL 844,281 $9,919,849,443 $5,252,002,805 $4,667,846,638$11,749 839,933 $10,014,663,402 $5,343,574,931 $4,671,088,471 $11,923 (4,348) $94,813,959$91,572,126 $3,241,833 $174 1.0%
Prepared by Legislative Council Staff 4/26/2024