7 | | - | ONCERNING ADJUSTMENTS TO SCHOOL FUNDING FOR THE 2024-25 BUDGET |
---|
8 | | - | YEAR |
---|
9 | | - | , AND, IN CONNECTION THEREWITH , INCREASING AN |
---|
10 | | - | APPROPRIATION |
---|
11 | | - | . |
---|
12 | | - | |
---|
13 | | - | Be it enacted by the General Assembly of the State of Colorado: |
---|
14 | | - | SECTION 1. Legislative declaration. (1) The general assembly |
---|
15 | | - | finds and declares that: |
---|
16 | | - | (a) For the 2024-25 budget year, the actual funded pupil count is |
---|
17 | | - | higher than anticipated when the appropriation was established in the 2024 |
---|
18 | | - | legislative session for total program funding for the 2024-25 budget year. |
---|
19 | | - | As a result, total program funding is $38,467,082 higher than anticipated |
---|
20 | | - | when appropriations were established in the 2024 legislative session. |
---|
21 | | - | (b) Based on actual local property tax revenue and specific |
---|
22 | | - | ownership tax revenue available to school districts for the 2024-25 budget |
---|
23 | | - | year, the local share of total program funding is $25,609,529 lower than |
---|
24 | | - | NOTE: This bill has been prepared for the signatures of the appropriate legislative |
---|
25 | | - | officers and the Governor. To determine whether the Governor has signed the bill |
---|
26 | | - | or taken other action on it, please consult the legislative status sheet, the legislative |
---|
27 | | - | history, or the Session Laws. |
---|
28 | | - | ________ |
---|
29 | | - | Capital letters or bold & italic numbers indicate new material added to existing law; dashes |
---|
30 | | - | through words or numbers indicate deletions from existing law and such material is not part of |
---|
31 | | - | the act. anticipated when the appropriations were established in the 2024 legislative |
---|
32 | | - | session. |
---|
33 | | - | (2) Therefore, it is the general assembly's intent to increase the state |
---|
| 13 | + | ONCERNING ADJUSTMENTS TO SCHOOL FUNDING FOR THE 2024-25101 |
---|
| 14 | + | BUDGET YEAR, AND, IN CONNECTION THEREWITH , INCREASING102 |
---|
| 15 | + | AN APPROPRIATION.103 |
---|
| 16 | + | Bill Summary |
---|
| 17 | + | (Note: This summary applies to this bill as introduced and does |
---|
| 18 | + | not reflect any amendments that may be subsequently adopted. If this bill |
---|
| 19 | + | passes third reading in the house of introduction, a bill summary that |
---|
| 20 | + | applies to the reengrossed version of this bill will be available at |
---|
| 21 | + | http://leg.colorado.gov/ |
---|
| 22 | + | .) |
---|
| 23 | + | Joint Budget Committee. The general assembly recognizes that |
---|
| 24 | + | for the 2024-25 budget year the actual funded pupil count is higher than |
---|
| 25 | + | anticipated when the appropriation was established in the 2024 legislative |
---|
| 26 | + | session for total program funding for the 2024-25 budget year. |
---|
| 27 | + | In addition, local property tax revenue and specific ownership tax |
---|
| 28 | + | HOUSE |
---|
| 29 | + | 3rd Reading Unamended |
---|
| 30 | + | February 13, 2025 |
---|
| 31 | + | HOUSE |
---|
| 32 | + | 2nd Reading Unamended |
---|
| 33 | + | February 12, 2025 |
---|
| 34 | + | SENATE |
---|
| 35 | + | 3rd Reading Unamended |
---|
| 36 | + | February 6, 2025 |
---|
| 37 | + | SENATE |
---|
| 38 | + | 2nd Reading Unamended |
---|
| 39 | + | February 5, 2025 |
---|
| 40 | + | SENATE SPONSORSHIP |
---|
| 41 | + | Bridges and Kirkmeyer, Amabile |
---|
| 42 | + | HOUSE SPONSORSHIP |
---|
| 43 | + | Bird and Taggart, Sirota, Clifford, Duran, Gonzalez R., Keltie, Lieder, Mauro, McCluskie, |
---|
| 44 | + | Story, Valdez |
---|
| 45 | + | Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment. |
---|
| 46 | + | Capital letters or bold & italic numbers indicate new material to be added to existing law. |
---|
| 47 | + | Dashes through the words or numbers indicate deletions from existing law. revenue are lower than anticipated, resulting in a decrease in the local |
---|
| 48 | + | share of total program funding for the 2024-25 budget year. |
---|
| 49 | + | The bill declares the general assembly's intent to increase the state |
---|
36 | | - | SECTION 2. In Colorado Revised Statutes, 22-54-104, amend |
---|
37 | | - | (5.5) as follows: |
---|
38 | | - | 22-54-104. District total program - legislative declaration - |
---|
39 | | - | definitions - repeal. (5.5) For the 2024-25 budget year, and each budget |
---|
40 | | - | year thereafter, the department of education and the staff of the legislative |
---|
41 | | - | council shall determine, based on budget projections, the amount to ensure |
---|
42 | | - | that, for the 2024-25 budget year, the sum of total program funding for all |
---|
43 | | - | districts, including funding for institute charter schools, is not less than nine |
---|
44 | | - | billion seven hundred thirty-five million seven hundred sixty-seven |
---|
45 | | - | thousand four hundred twenty-nine dollars ($9,735,767,429) NINE BILLION |
---|
46 | | - | SEVEN HUNDRED SEVENTY |
---|
47 | | - | -THREE MILLION ONE HUNDRED FIFTY -TWO |
---|
48 | | - | THOUSAND SEVEN HUNDRED FORTY |
---|
49 | | - | -NINE DOLLARS ($9,773,152,749); except |
---|
50 | | - | that the department of education and the staff of the legislative council shall |
---|
51 | | - | make mid-year revisions to replace projections with actual figures, |
---|
52 | | - | including, but not limited to, actual pupil enrollment, assessed valuations, |
---|
53 | | - | and specific ownership tax revenue from the prior year, to determine any |
---|
54 | | - | necessary changes in the amount of the reduction to maintain total program |
---|
55 | | - | funding for the applicable budget year that is consistent with this subsection |
---|
56 | | - | (5.5). |
---|
57 | | - | SECTION 3. In Colorado Revised Statutes, 22-45-103, amend |
---|
58 | | - | (1)(k)(III) as follows: |
---|
59 | | - | 22-45-103. Funds. (1) The following funds are created for each |
---|
60 | | - | school district for purposes specified in this article 45: |
---|
61 | | - | (k) Total program reserve fund - repeal. (III) This section |
---|
62 | | - | SUBSECTION (1)(k) is repealed, effective July 1, 2025. |
---|
63 | | - | PAGE 2-SENATE BILL 25-113 APPROPRIATION FROM |
---|
| 52 | + | The bill adjusts a repeal date for the total program reserve fund. |
---|
| 53 | + | Be it enacted by the General Assembly of the State of Colorado:1 |
---|
| 54 | + | SECTION 1. Legislative declaration. (1) The general assembly2 |
---|
| 55 | + | finds and declares that:3 |
---|
| 56 | + | (a) For the 2024-25 budget year, the actual funded pupil count is4 |
---|
| 57 | + | higher than anticipated when the appropriation was established in the5 |
---|
| 58 | + | 2024 legislative session for total program funding for the 2024-25 budget6 |
---|
| 59 | + | year. As a result, total program funding is $38,467,082 higher than7 |
---|
| 60 | + | anticipated when appropriations were established in the 2024 legislative8 |
---|
| 61 | + | session.9 |
---|
| 62 | + | (b) Based on actual local property tax revenue and specific10 |
---|
| 63 | + | ownership tax revenue available to school districts for the 2024-25 budget11 |
---|
| 64 | + | year, the local share of total program funding is $25,609,529 lower than12 |
---|
| 65 | + | anticipated when the appropriations were established in the 202413 |
---|
| 66 | + | legislative session.14 |
---|
| 67 | + | (2) Therefore, it is the general assembly's intent to increase the15 |
---|
| 68 | + | state share of districts' total program funding by $64,076,611 for the16 |
---|
| 69 | + | 2024-25 budget year.17 |
---|
| 70 | + | SECTION 2. In Colorado Revised Statutes, 22-54-104, amend18 |
---|
| 71 | + | (5.5) as follows:19 |
---|
| 72 | + | 22-54-104. District total program - legislative declaration -20 |
---|
| 73 | + | definitions - repeal. (5.5) For the 2024-25 budget year, and each budget21 |
---|
| 74 | + | year thereafter, the department of education and the staff of the legislative22 |
---|
| 75 | + | 113-2- council shall determine, based on budget projections, the amount to1 |
---|
| 76 | + | ensure that, for the 2024-25 budget year, the sum of total program2 |
---|
| 77 | + | funding for all districts, including funding for institute charter schools, is3 |
---|
| 78 | + | not less than nine billion seven hundred thirty-five million seven hundred4 |
---|
| 79 | + | sixty-seven thousand four hundred twenty-nine dollars ($9,735,767,429)5 |
---|
| 80 | + | NINE BILLION SEVEN HUNDRED SEVENTY -THREE MILLION ONE HUNDRED6 |
---|
| 81 | + | FIFTY-TWO THOUS AND SEVEN HUNDRED FORTY -NINE DOLLARS7 |
---|
| 82 | + | ($9,773,152,749); except that the department of education and the staff8 |
---|
| 83 | + | of the legislative council shall make mid-year revisions to replace9 |
---|
| 84 | + | projections with actual figures, including, but not limited to, actual pupil10 |
---|
| 85 | + | enrollment, assessed valuations, and specific ownership tax revenue from11 |
---|
| 86 | + | the prior year, to determine any necessary changes in the amount of the12 |
---|
| 87 | + | reduction to maintain total program funding for the applicable budget13 |
---|
| 88 | + | year that is consistent with this subsection (5.5).14 |
---|
| 89 | + | SECTION 3. In Colorado Revised Statutes, 22-45-103, amend15 |
---|
| 90 | + | (1)(k)(III) as follows:16 |
---|
| 91 | + | 22-45-103. Funds. (1) The following funds are created for each17 |
---|
| 92 | + | school district for purposes specified in this article 45:18 |
---|
| 93 | + | (k) Total program reserve fund - repeal. (III) This section19 |
---|
| 94 | + | SUBSECTION (1)(k) is repealed, effective July 1, 2025.20 |
---|
| 95 | + | 113 |
---|
| 96 | + | -3- APPROPRIATION FROM |
---|
78 | | - | SECTION 4. Appropriation to the department of education for the fiscal year beginning July 1, 2024. In Session Laws of Colorado 2024, section 2 of chapter 519, (HB |
---|
79 | | - | 24-1430), amend Part IV (3)(A) and footnote 16 as follows: |
---|
80 | | - | Section 2. Appropriation. |
---|
81 | | - | PART IV |
---|
82 | | - | DEPARTMENT OF EDUCATION |
---|
83 | | - | (3) SCHOOL DISTRICT OPERATIONS |
---|
84 | | - | (A) Public School Finance |
---|
85 | | - | Administration 2,045,037 1,910,675 134,362 |
---|
| 111 | + | SECTION 4. Appropriation to the department of education for the fiscal year beginning July 1, 2024. In Session Laws of Colorado 2024, section 2 of chapter 519, (HB 1 |
---|
| 112 | + | 24-1430), amend Part IV (3)(A) and footnote 16 as follows: 2 |
---|
| 113 | + | Section 2. Appropriation. 3 |
---|
| 114 | + | PART IV 4 |
---|
| 115 | + | DEPARTMENT OF EDUCATION 5 |
---|
| 116 | + | 6 |
---|
| 117 | + | (3) SCHOOL DISTRICT OPERATIONS 7 |
---|
| 118 | + | (A) Public School Finance 8 |
---|
| 119 | + | Administration 9 2,045,037 1,910,675 134,362 |
---|
143 | | - | $834,391,217 shall be from the State Education Fund created in Section 17 (4)(a) of Article IX of the State Constitution and $ 79,445,768 shall be from |
---|
144 | | - | the State Public School Fund created in Section 22-54-114 (1), C.R.S. Pursuant to Section 17 (3) of Article IX of the State Con stitution, appropriations from the State Education Fund |
---|
145 | | - | are not subject to the limitation on fiscal year spending set forth in Section 20 of Article X of the State Constitution. Of th e amount appropriated from the State Public School Fund, |
---|
146 | | - | $53,449,152 is estimated to be from federal mineral leasing revenues transferred to the State Public School Fund pursuant to Se ctions 22-54-114 (1) and 34-63-102, C.R.S., $19,514,729 |
---|
147 | | - | is estimated to be from marijuana sales tax revenues transferred to the State Public School Fund pursuant to Section 39-28.8-20 3 (1)(b)(I.5)(B), C.R.S., and appropriated pursuant to |
---|
148 | | - | Section 22-54-139, C.R.S., and $6,481,887 is estimated to be from interest and income earned on the investment of money in the Public School Fund that is credited to the State Public |
---|
149 | | - | School Fund pursuant to Section 22-41-102 (3)(f), C.R.S. |
---|
| 199 | + | $834,391,217 shall be from the State Education Fund created in Section 17 (4)(a) of Article IX of the State Constitution and $ 79,445,768 shall be from 5 |
---|
| 200 | + | the State Public School Fund created in Section 22-54-114 (1), C.R.S. Pursuant to Section 17 (3) of Article IX of the State Con stitution, appropriations from the State Education Fund 6 |
---|
| 201 | + | are not subject to the limitation on fiscal year spending set forth in Section 20 of Article X of the State Constitution. Of th e amount appropriated from the State Public School Fund, 7 |
---|
| 202 | + | $53,449,152 is estimated to be from federal mineral leasing revenues transferred to the State Public School Fund pursuant to Se ctions 22-54-114 (1) and 34-63-102, C.R.S., $19,514,729 8 |
---|
| 203 | + | is estimated to be from marijuana sales tax revenues transferred to the State Public School Fund pursuant to Section 39-28.8-20 3 (1)(b)(I.5)(B), C.R.S., and appropriated pursuant to 9 |
---|
| 204 | + | Section 22-54-139, C.R.S., and $6,481,887 is estimated to be from interest and income earned on the investment of money in the Public School Fund that is credited to the State Public 10 |
---|
| 205 | + | School Fund pursuant to Section 22-41-102 (3)(f), C.R.S. 11 |
---|
151 | | - | This amount shall be from the State Education Fund created in Section 17 (4)(a) of Article IX of the State Constitution. Pursu ant to Section 17 (3) of Article IX of the State Constitution, |
---|
152 | | - | appropriations from the State Education Fund are not subject to the limitation on fiscal year spending set forth in Section 20 of Article X of the State Constitution. |
---|
153 | | - | f These amounts shall be from the State Public School Fund created in Section 22-54-114 (1), C.R.S., from interest and income ea rned on the investment of money in the Public School |
---|
154 | | - | Fund that is credited to the State Public School Fund pursuant to Section 22-41-102 (3)(g), C.R.S. |
---|
155 | | - | g |
---|
156 | | - | This amount shall be from the Contingency Reserve Fund created in Section 22-54-117 (1)(a), C.R.S. |
---|
157 | | - | TOTALS PART IV |
---|
158 | | - | (EDUCATION)$7,440,463,982 |
---|
159 | | - | $3,338,023,839 $1,363,480,333 |
---|
160 | | - | a |
---|
161 | | - | $1,764,077,511 |
---|
162 | | - | b |
---|
163 | | - | $104,652,889 |
---|
164 | | - | c |
---|
165 | | - | $870,229,410 |
---|
166 | | - | d |
---|
167 | | - | $7,504,540,593 $1,828,154,122 |
---|
168 | | - | b |
---|
169 | | - | a |
---|
170 | | - | This amount shall be from the General Fund Exempt Account created in Section 24-77-103.6 (2), C.R.S. |
---|
171 | | - | b |
---|
172 | | - | Of this amount, $5,432,434 contains an (I) notation. |
---|
173 | | - | c |
---|
174 | | - | Of this amount, $43,900,000 contains an (I) notation. |
---|
175 | | - | d |
---|
176 | | - | This amount contains an (I) notation. |
---|
177 | | - | FOOTNOTES -- The following statements are referenced to the numbered footnotes throughout section 2. |
---|
178 | | - | 16 Department of Education, School District Operations, Public School Finance, Extended High School -- Pursuant to section 22-35 -108.5 (2)(b)(II), C.R.S., |
---|
179 | | - | the purpose of this footnote is to specify what portion of this appropriation is intended to be available for the Teacher Recru itment Education and Preparation |
---|
180 | | - | PAGE 4-SENATE BILL 25-113 APPROPRIATION FROM |
---|
| 207 | + | This amount shall be from the State Education Fund created in Section 17 (4)(a) of Article IX of the State Constitution. Pursu ant to Section 17 (3) of Article IX of the State Constitution, 12 |
---|
| 208 | + | appropriations from the State Education Fund are not subject to the limitation on fiscal year spending set forth in Section 20 of Article X of the State Constitution. 13 |
---|
| 209 | + | f These amounts shall be from the State Public School Fund created in Section 22-54-114 (1), C.R.S., from interest and income ea rned on the investment of money in the Public School 14 |
---|
| 210 | + | Fund that is credited to the State Public School Fund pursuant to Section 22-41-102 (3)(g), C.R.S. 15 |
---|
| 211 | + | 113 |
---|
| 212 | + | -6- APPROPRIATION FROM |
---|
| 227 | + | g |
---|
| 228 | + | This amount shall be from the Contingency Reserve Fund created in Section 22-54-117 (1)(a), C.R.S. 1 |
---|
| 229 | + | 2 |
---|
| 230 | + | 3 |
---|
| 231 | + | TOTALS PART IV 4 |
---|
| 232 | + | (EDUCATION) 5 $7,440,463,982 |
---|
| 233 | + | $3,338,023,839 $1,363,480,333 |
---|
| 234 | + | a |
---|
| 235 | + | $1,764,077,511 |
---|
| 236 | + | b |
---|
| 237 | + | $104,652,889 |
---|
| 238 | + | c |
---|
| 239 | + | $870,229,410 |
---|
| 240 | + | d |
---|
| 241 | + | 6 $7,504,540,593 $1,828,154,122 |
---|
| 242 | + | b |
---|
| 243 | + | 7 |
---|
| 244 | + | a |
---|
| 245 | + | This amount shall be from the General Fund Exempt Account created in Section 24-77-103.6 (2), C.R.S. 8 |
---|
| 246 | + | b |
---|
| 247 | + | Of this amount, $5,432,434 contains an (I) notation. 9 |
---|
| 248 | + | c |
---|
| 249 | + | Of this amount, $43,900,000 contains an (I) notation. 10 |
---|
| 250 | + | d |
---|
| 251 | + | This amount contains an (I) notation. 11 |
---|
| 252 | + | 12 |
---|
| 253 | + | FOOTNOTES -- The following statements are referenced to the numbered footnotes throughout section 2. 13 |
---|
| 254 | + | 14 |
---|
| 255 | + | 16 Department of Education, School District Operations, Public School Finance, Extended High School -- Pursuant to section 22-35 -108.5 (2)(b)(II), C.R.S., 15 |
---|
| 256 | + | 113 |
---|
| 257 | + | -7- APPROPRIATION FROM |
---|
| 258 | + | ITEM & |
---|
| 259 | + | SUBTOTAL |
---|
| 260 | + | TOTAL GENERAL |
---|
| 261 | + | FUND |
---|
| 262 | + | GENERAL |
---|
| 263 | + | FUND |
---|
| 264 | + | EXEMPT |
---|
| 265 | + | CASH |
---|
| 266 | + | FUNDS |
---|
| 267 | + | REAPPROPRIATED |
---|
| 268 | + | FUNDS |
---|
| 269 | + | FEDERAL |
---|
| 270 | + | FUNDS |
---|
| 271 | + | $$$$$ $ $ |
---|
| 272 | + | the purpose of this footnote is to specify what portion of this appropriation is intended to be available for the Teacher Recru itment Education and Preparation 1 |
---|
198 | | - | 210 FTE TREP |
---|
199 | | - | Program participants funded at a rate of $10,244 per FTE pursuant to section 22-54-104 (4.7), C.R.S. |
---|
200 | | - | PAGE 5-SENATE BILL 25-113 SECTION 5. Safety clause. The general assembly finds, |
---|
201 | | - | determines, and declares that this act is necessary for the immediate |
---|
202 | | - | preservation of the public peace, health, or safety or for appropriations for |
---|
203 | | - | the support and maintenance of the departments of the state and state |
---|
204 | | - | institutions. |
---|
205 | | - | ____________________________ ____________________________ |
---|
206 | | - | James Rashad Coleman, Sr. |
---|
207 | | - | Julie McCluskie |
---|
208 | | - | PRESIDENT OF SPEAKER OF THE HOUSE |
---|
209 | | - | THE SENATE OF REPRESENTATIVES |
---|
210 | | - | ____________________________ ____________________________ |
---|
211 | | - | Esther van Mourik Vanessa Reilly |
---|
212 | | - | SECRETARY OF CHIEF CLERK OF THE HOUSE |
---|
213 | | - | THE SENATE OF REPRESENTATIVES |
---|
214 | | - | APPROVED________________________________________ |
---|
215 | | - | (Date and Time) |
---|
216 | | - | _________________________________________ |
---|
217 | | - | Jared S. Polis |
---|
218 | | - | GOVERNOR OF THE STATE OF COLORADO |
---|
219 | | - | PAGE 6-SENATE BILL 25-113 |
---|
| 276 | + | 210 FTE TREP 3 |
---|
| 277 | + | Program participants funded at a rate of $10,244 per FTE pursuant to section 22-54-104 (4.7), C.R.S. 4 |
---|
| 278 | + | 113 |
---|
| 279 | + | -8- SECTION 5. Safety clause. The general assembly finds,1 |
---|
| 280 | + | determines, and declares that this act is necessary for the immediate2 |
---|
| 281 | + | preservation of the public peace, health, or safety or for appropriations for3 |
---|
| 282 | + | the support and maintenance of the departments of the state and state4 |
---|
| 283 | + | institutions.5 |
---|
| 284 | + | 113-9- |
---|