First Regular Session Seventy-fifth General Assembly STATE OF COLORADO INTRODUCED LLS NO. 25-1011.01 Alana Rosen x2606 SENATE BILL 25-223 Senate Committees House Committees Appropriations A BILL FOR AN ACT C ONCERNING MEASURES TO CALCULATE MILL LEVY EQUALIZATION TO101 DETERMINE THE DISTRIBUTION OF MILL LEVY EQUALIZATION102 FUNDING TO INSTITUTE CHARTER SCHOOLS , AND, IN103 CONNECTION THEREWITH , REDUCING AN APPROPRIATION .104 Bill Summary (Note: This summary applies to this bill as introduced and does not reflect any amendments that may be subsequently adopted. If this bill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov/ .) Joint Budget Committee. Beginning with the 2025-26 budget year, and each budget year thereafter, the state charter school institute (institute) shall not distribute a portion of its appropriated mill levy SENATE SPONSORSHIP Kirkmeyer and Amabile, Bridges HOUSE SPONSORSHIP Sirota and Bird, Taggart Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment. Capital letters or bold & italic numbers indicate new material to be added to existing law. Dashes through the words or numbers indicate deletions from existing law. equalization funds to multi-district online schools that are authorized by the institute. Beginning in the 2024-25 budget year, if the institute receives additional mill levy revenue from a school district for an institute charter school within the geographic boundary of the school district, the general assembly shall deduct the additional mill levy revenue from the amount necessary to fully fund mill levy equalization. The bill decreases an appropriation from the state education fund to the department of education for use by the institute for mill levy equalization. Be it enacted by the General Assembly of the State of Colorado:1 SECTION 1. In Colorado Revised Statutes, 22-30.5-513.1,2 amend (2)(b); and add (2)(c) and (2)(d) as follows:3 22-30.5-513.1. Mill levy equalization - legislative declaration4 - definitions. (2) (b) S UBJECT TO ANNUAL APPROPRIATION , the institute5 shall annually distribute the money appropriated for full mill levy6 equalization pursuant to subsection (2)(a.5)(I) of this section to the7 institute charter schools on an equal per-pupil basis, EXCLUDING PUPILS8 ENROLLED IN MULTI-DISTRICT ONLINE SCHOOLS, AS DEFINED IN SECTION9 22-30.7-102, THAT ARE AUTHORIZED BY THE INSTITUTE ; except that, in10 any budget year, an institute charter school must not receive a per pupil11 amount that is greater than the total amount of additional mill levy12 revenue, as defined in section 22-32-108.5, that the accounting district for13 the institute charter school is authorized to collect, divided by the funded14 pupil count, as determined pursuant to article 54 of this title 22, of the15 accounting district for the applicable budget year. The money distributed16 pursuant to this section is in addition to money distributed to institute17 charter schools pursuant to section 22-30.5-513.18 (c) N OTWITHSTANDING ANY PROVISION OF THIS SECTION TO THE19 CONTRARY, BEGINNING WITH THE 2025-26 BUDGET YEAR, AND EACH20 SB25-223-2- BUDGET YEAR THEREAFTER , THE INSTITUTE SHALL NOT DISTRIBUTE A1 PORTION OF THE FUNDS APPROPRIATED PURSUANT TO THIS SECTION TO A2 MULTI-DISTRICT ONLINE SCHOOL, AS DEFINED IN SECTION 22-30.7-102,3 THAT IS AUTHORIZED BY THE INSTITUTE.4 (d) B EGINNING IN THE 2024-25 BUDGET YEAR, IF AN INSTITUTE5 CHARTER SCHOOL WITHIN THE GEOGRAPHIC BOUNDARY OF A SCHOOL6 DISTRICT RECEIVES ADDITIONAL MILL LEVY REVENUE FROM THE SCHOOL7 DISTRICT, THE GENERAL ASSEMBLY SHALL DEDUCT THE ADDITIONAL MILL8 LEVY REVENUE FROM THE AMOUNT NECESSARY TO FULLY F UND MILL LEVY9 EQUALIZATION.10 SECTION 2. Appropriation - adjustments to 2025 long bill. To11 implement this act, the cash funds appropriation from the state education12 fund created in section 17 (4)(a) of article IX of the state constitution13 made in the annual general appropriation act for the 2025-26 state fiscal14 year to the department of education for use by the charter school institute15 for CSI mill levy equalization is decreased by $1,008,494.16 SECTION 3. Safety clause. The general assembly finds,17 determines, and declares that this act is necessary for the immediate18 preservation of the public peace, health, or safety or for appropriations for19 the support and maintenance of the departments of the state and state20 institutions.21 SB25-223 -3-