Colorado 2024 2024 Regular Session

Colorado House Bill HB1448 Introduced / Fiscal Note

Filed 05/02/2024

                    Page 1 
May 1, 2024   HB 24-1448 
 
 
 Legislative Council Staff 
Nonpartisan Services for Colorado’s Legislature 
 
Revised Fiscal Note  
(replaces fiscal note dated April 26, 2024)  
 
Drafting Number: 
Prime Sponsors: 
LLS 24-0977  
Rep. McCluskie; Bacon 
Sen. Lundeen; Zenzinger  
Date: 
Bill Status: 
Fiscal Analyst: 
May 1, 2024  
Senate Education 
Anna Gerstle | 303-866-4375 
anna.gerstle@coleg.gov  
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 and includes 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 reengrossed bill. 
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 
May 1, 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 
May 1, 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 
May 1, 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. 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 State Education Fund (SEF), and any other 
relevant factors. On or after January 1, 2025, the JBC must develop a sustainability plan with 
recommendations for how to fully fund new total program amounts, with the plan reviewed 
annually, beginning on or after January 1, 2026.  
For FY 2024-25 through FY 2029-30, 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 JBC for the budget estimates that the 
income tax diversion to the SEF will decrease by 5 percent or more in the current or 
next budget year.   Page 5 
May 1, 2024   HB 24-1448 
 
 
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, including trends 
related to enrollment and certain per pupil funding amounts, and how district total program 
funding is being used at the school level.  
 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). 
The bill allows a district’s MLO limit to increase if the funding attributable to the district’s cost of 
living, personnel costs, and size factors under the new formula in FY 2024-25 is less than the 
funding attributable to those factors 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.  
The calculation of funding attributable to the size, personnel costs, and cost of living factors 
under current law and the new formula are specified in the bill, and include the funding 
attributable to those factors that is part of at-risk and ELL funding in the current formula. 
Districts may ask voters to approve MLOs up to the new caps from July 1, 2024 through 
July 1, 2030.  
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, and which districts and charter 
schools will receive a match amount in FY 2024-25. 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  Page 6 
May 1, 2024   HB 24-1448 
 
 
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.  
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.  Page 7 
May 1, 2024   HB 24-1448 
 
 
 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. 
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  Page 8 
May 1, 2024   HB 24-1448 
 
 
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 3 
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 4 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 4 
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  Page 9 
May 1, 2024   HB 24-1448 
 
 
(School Finance Act) and House Bill 24-1393 (Accelerating Students through Concurrent 
Enrollment) that apply in FY 2024-25. 
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 
May 1, 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 5 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 5 
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 6 below and assumed to be paid from the 
General Fund.  
   Page 11 
May 1, 2024   HB 24-1448 
 
 
Table 6 
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 7 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. Workload will also increase for JBC staff to support the committee in developing a 
sustainability plan and considering economic and budgetary indicators, and other factors related 
to implementation of the new formula. 
Table 7 
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 
May 1, 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 
May 1, 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 funding attributable to a district’s cost 
of living, personnel costs, and size factors under the new formula is less than the funding 
attributable to those factors in FY 2024-25, using a formula specified in the bill. In most cases, 
districts with an increased cap may ask their voters to approve additional MLOs through 
July 1, 2030. The fiscal note assumes that if not approved, or districts choose not to ask voters, 
the district cap returns to the current law level beginning in FY 2030-31. Appendix B includes a 
preliminary estimate of the new MLO caps under the bill. Actual changes to district MLO caps 
will be calculated by CDE after the midyear adjustment in FY 2024-25. 
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.  
 
  Page 14 
May 1, 2024   HB 24-1448 
 
 
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 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 County	District
Current 
MLO Cap
Increase Under 
HB24-1448
New Cap Under 
HB24-1448
ADAMS	MAPLETON	25% 2.0% 27.0%
ADAMS	ADAMS 12 FIVE STAR 25% 2.0% 27.0%
ADAMS	COMMERCE CITY	25% 0.0% 25.0%
ADAMS	BRIGHTON	25% 2.0% 27.0%
ADAMS	BENNETT	25% 1.0% 26.0%
ADAMS	STRASBURG	25% 2.0% 27.0%
ADAMS	WESTMINSTER	25% 1.0% 26.0%
ALAMOSA	ALAMOSA	25% 6.0% 31.0%
ALAMOSA	SANGRE DE CRISTO	30% 8.0% 38.0%
ARAPAHOE ENGLEWOOD	25% 1.0% 26.0%
ARAPAHOE SHERIDAN	25% 2.0% 27.0%
ARAPAHOE CHERRY CREEK	25% 5.0% 30.0%
ARAPAHOE LITTLETON	25% 2.0% 27.0%
ARAPAHOE DEER TRAIL	30% 8.0% 38.0%
ARAPAHOE AURORA	25% 4.0% 29.0%
ARAPAHOE BYERS	25% 1.0% 26.0%
ARCHULETA ARCHULETA	25% 3.0% 28.0%
BACA	WALSH	30% 9.0% 39.0%
BACA	PRITCHETT	30% 10.0% 40.0%
BACA	SPRINGFIELD	30% 8.0% 38.0%
BACA	VILAS	30% 8.0% 38.0%
BACA	CAMPO	30% 8.0% 38.0%
BENT	LAS ANIMAS	30% 1.0% 31.0%
BENT	MCCLAVE	30% 4.0% 34.0%
BOULDER	ST VRAIN	25% 4.0% 29.0%
BOULDER	BOULDER	25% 4.0% 29.0%
CHAFFEE	BUENA VISTA	30% 0.0% 30.0%
CHAFFEE	SALIDA	25% 0.0% 25.0%
CHEYENNE KIT CARSON	30% 6.0% 36.0%
CHEYENNE CHEYENNE	30% 11.0% 41.0%
CLEAR CREEK CLEAR CREEK	30% 0.0% 30.0%
CONEJOS	NORTH CONEJOS	30% 6.0% 36.0%
CONEJOS	SANFORD	30% 8.0% 38.0%
CONEJOS	SOUTH CONEJOS	30% 11.0% 41.0%
COSTILLA CENTENNIAL	30% 7.0% 37.0%
COSTILLA SIERRA GRANDE	30% 8.0% 38.0%
CROWLEY	CROWLEY	30% 3.0% 33.0%
CUSTER	WESTCLIFFE	30% 2.0% 32.0%
DELTA	DELTA	25% 5.0% 30.0%
DENVER	DENVER	25% 4.0% 29.0%
DOLORES	DOLORES	30% 8.0% 38.0%
DOUGLAS	DOUGLAS	25% 3.0% 28.0%
EAGLE	EAGLE	25% 6.0% 31.0%
ELBERT	ELIZABETH	25% 3.0% 28.0%
ELBERT	KIOWA	30% 8.0% 38.0%
ELBERT	BIG SANDY	30% 8.0% 38.0%
ELBERT	ELBERT	30% 7.0% 37.0%
ELBERT	AGATE	30% 8.0% 38.0%
EL PASO	CALHAN	30% 5.0% 35.0%
EL PASO	HARRISON	25% 3.0% 28.0%
EL PASO	WIDEFIELD	25% 1.0% 26.0%
EL PASO	FOUNTAIN	25% 1.0% 26.0%
Appendix B. MLO Caps Under HB24-1448 County	District
Current 
MLO Cap
Increase Under 
HB24-1448
New Cap Under 
HB24-1448
Appendix B. MLO Caps Under HB24-1448
EL PASO	COLORADO SPRINGS	25% 3.0% 28.0%
EL PASO	CHEYENNE MOUNTAIN 25% 0.0% 25.0%
EL PASO	MANITOU SPRINGS	25% 1.0% 26.0%
EL PASO	ACADEMY	25% 3.0% 28.0%
EL PASO	ELLICOTT	30% 2.0% 32.0%
EL PASO	PEYTON	30% 2.0% 32.0%
EL PASO	HANOVER	30% 6.0% 36.0%
EL PASO	LEWIS-PALMER	25% 0.0% 25.0%
EL PASO	FALCON	25% 2.0% 27.0%
EL PASO	EDISON	30% 5.0% 35.0%
EL PASO	MIAMI-YODER	30% 3.0% 33.0%
FREMONT	CANON CITY	25% 1.0% 26.0%
FREMONT	FLORENCE	25% 0.0% 25.0%
FREMONT	COTOPAXI	30% 3.0% 33.0%
GARFIELD ROARING FORK	25% 5.0% 30.0%
GARFIELD RIFLE	25% 0.0% 25.0%
GARFIELD PARACHUTE	25% 5.0% 30.0%
GILPIN	GILPIN	30% 5.0% 35.0%
GRAND	WEST GRAND	30% 4.0% 34.0%
GRAND	EAST GRAND	25% 0.0% 25.0%
GUNNISON GUNNISON	25% 0.0% 25.0%
HINSDALE HINSDALE	30% 12.0% 42.0%
HUERFANO HUERFANO	30% 6.0% 36.0%
HUERFANO LA VETA	30% 2.0% 32.0%
JACKSON	NORTH PARK	30% 9.0% 39.0%
JEFFERSON JEFFERSON	25% 3.0% 28.0%
KIOWA	EADS	30% 7.0% 37.0%
KIOWA	PLAINVIEW	30% 1.0% 31.0%
KIT CARSON ARRIBA-FLAGLER	30% 5.0% 35.0%
KIT CARSON HI PLAINS	30% 1.0% 31.0%
KIT CARSON STRATTON	30% 4.0% 34.0%
KIT CARSON BETHUNE	30% 7.0% 37.0%
KIT CARSON BURLINGTON	30% 2.0% 32.0%
LAKE	LAKE	30% 0.0% 30.0%
LA PLATA DURANGO	25% 2.0% 27.0%
LA PLATA BAYFIELD	25% 4.0% 29.0%
LA PLATA IGNACIO	30% 6.0% 36.0%
LARIMER	POUDRE	25% 2.0% 27.0%
LARIMER	THOMPSON	25% 2.0% 27.0%
LARIMER	ESTES PARK	25% 0.0% 25.0%
LAS ANIMAS TRINIDAD	30% 10.0% 40.0%
LAS ANIMAS PRIMERO	30% 7.0% 37.0%
LAS ANIMAS HOEHNE	30% 6.0% 36.0%
LAS ANIMAS AGUILAR	30% 8.0% 38.0%
LAS ANIMAS BRANSON	30% 0.0% 30.0%
LAS ANIMAS KIM	30% 1.0% 31.0%
LINCOLN	GENOA-HUGO	30% 7.0% 37.0%
LINCOLN	LIMON	30% 4.0% 34.0%
LINCOLN	KARVAL	30% 6.0% 36.0%
LOGAN	VALLEY	25% 7.0% 32.0%
LOGAN	FRENCHMAN	30% 6.0% 36.0%
LOGAN	BUFFALO	30% 7.0% 37.0% County	District
Current 
MLO Cap
Increase Under 
HB24-1448
New Cap Under 
HB24-1448
Appendix B. MLO Caps Under HB24-1448
LOGAN	PLATEAU	30% 8.0% 38.0%
MESA	DEBEQUE	30% 7.0% 37.0%
MESA	PLATEAU VALLEY	30% 7.0% 37.0%
MESA	MESA VALLEY	25% 6.0% 31.0%
MINERAL	CREEDE	30% 12.0% 42.0%
MOFFAT	MOFFAT	25% 0.0% 25.0%
MONTEZUMA MONTEZUMA	25% 2.0% 27.0%
MONTEZUMA DOLORES	30% 3.0% 33.0%
MONTEZUMA MANCOS	30% 2.0% 32.0%
MONTROSE MONTROSE	25% 5.0% 30.0%
MONTROSE WEST END	30% 10.0% 40.0%
MORGAN	BRUSH	25% 4.0% 29.0%
MORGAN	FT. MORGAN	25% 4.0% 29.0%
MORGAN	WELDON	30% 7.0% 37.0%
MORGAN	WIGGINS	30% 1.0% 31.0%
OTERO	EAST OTERO	25% 10.0% 35.0%
OTERO	ROCKY FORD	30% 8.0% 38.0%
OTERO	MANZANOLA	30% 11.0% 41.0%
OTERO	FOWLER	30% 5.0% 35.0%
OTERO	CHERAW	30% 10.0% 40.0%
OTERO	SWINK	30% 9.0% 39.0%
OURAY	OURAY	30% 11.0% 41.0%
OURAY	RIDGWAY	30% 7.0% 37.0%
PARK	PLATTE CANYON	30% 1.0% 31.0%
PARK	PARK	30% 1.0% 31.0%
PHILLIPS HOLYOKE	30% 6.0% 36.0%
PHILLIPS HAXTUN	30% 2.0% 32.0%
PITKIN	ASPEN	25% 22.0% 47.0%
PROWERS	GRANADA	30% 8.0% 38.0%
PROWERS	LAMAR	25% 8.0% 33.0%
PROWERS	HOLLY	30% 4.0% 34.0%
PROWERS	WILEY	30% 6.0% 36.0%
PUEBLO	PUEBLO CITY	25% 3.0% 28.0%
PUEBLO	PUEBLO RURAL	25% 1.0% 26.0%
RIO BLANCO MEEKER	30% 3.0% 33.0%
RIO BLANCO RANGELY	30% 4.0% 34.0%
RIO GRANDE DEL NORTE	30% 4.0% 34.0%
RIO GRANDE MONTE VISTA	30% 4.0% 34.0%
RIO GRANDE SARGENT	30% 5.0% 35.0%
ROUTT	HAYDEN	30% 3.0% 33.0%
ROUTT	STEAMBOAT SPRINGS 25% 2.0% 27.0%
ROUTT	SOUTH ROUTT	30% 6.0% 36.0%
SAGUACHE MOUNTAIN VALLEY	30% 6.0% 36.0%
SAGUACHE MOFFAT	30% 15.0% 45.0%
SAGUACHE CENTER	30% 5.0% 35.0%
SAN JUAN SILVERTON	30% 9.0% 39.0%
SAN MIGUEL TELLURIDE	30% 20.0% 50.0%
SAN MIGUEL NORWOOD	30% 12.0% 42.0%
SEDGWICK JULESBURG	30% 2.0% 32.0%
SEDGWICK PLATTE VALLEY	30% 8.0% 38.0%
SUMMIT	SUMMIT	25% 6.0% 31.0%
TELLER	CRIPPLE CREEK	30% 1.0% 31.0% County	District
Current 
MLO Cap
Increase Under 
HB24-1448
New Cap Under 
HB24-1448
Appendix B. MLO Caps Under HB24-1448
TELLER	WOODLAND PARK	25% 0.0% 25.0%
WASHINGTON AKRON	30% 7.0% 37.0%
WASHINGTON ARICKAREE	30% 8.0% 38.0%
WASHINGTON OTIS	30% 10.0% 40.0%
WASHINGTON LONE STAR	30% 10.0% 40.0%
WASHINGTON WOODLIN	30% 7.0% 37.0%
WELD	GILCREST	25% 0.0% 25.0%
WELD	EATON	25% 0.0% 25.0%
WELD	KEENESBURG	25% 0.0% 25.0%
WELD	WINDSOR	25% 1.0% 26.0%
WELD	JOHNSTOWN	25% 0.0% 25.0%
WELD	GREELEY	25% 3.0% 28.0%
WELD	PLATTE VALLEY	25% 1.0% 26.0%
WELD	FT. LUPTON	25% 0.0% 25.0%
WELD	AULT-HIGHLAND	30% 0.0% 30.0%
WELD	BRIGGSDALE	30% 6.0% 36.0%
WELD	PRAIRIE	30% 5.0% 35.0%
WELD	PAWNEE	30% 10.0% 40.0%
YUMA	YUMA 1	30% 12.0% 42.0%
YUMA	WRAY RD-2	30% 9.0% 39.0%
YUMA	IDALIA RJ-3	30% 8.0% 38.0%
YUMA	LIBERTY J-4	30% 13.0% 43.0%