ColoradoSchool Finance Mid-Year Adjustments
What it does
Compared to what was anticipated when appropriations were established in the 2025 regular legislative session for the 2025-26 budget year, the general assembly finds that for the 2025-26 budget year the actual funded pupil count and the at-risk pupil count are lower than anticipated; the local share of total program funding is higher than anticipated; and therefore, the general assembly intends to decrease the state share of districts' total program funding by $103,472,508 for the 2025-26 budget year. Under current law, there are 2 total program formulas to finance public schools, commonly referred to as the old formula and the new formula. For the 2025-26 budget year, a district's total program is the greater of:The district's total program amount for the 2024-25 budget year; orThe amount calculated for the 2025-26 budget year under the old formula plus an amount equal to 15% of the difference between the amounts calculated between the old formula and the new formula.
More detail
The act clarifies that for the 2025-26 budget year, if the calculation under the new formula is less than the calculation under the old formula, then that district's total program for the 2025-26 budget year is the greater of:The district's total program amount for the 2024-25 budget year; orThe amount calculated for the 2025-26 budget year under the old formula. The act reduces appropriations to the department of education for the 2025-26 budget year by $103,472,508.(Note: This summary applies to this bill as enacted.)
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 26Governor Jared Polis SignedBecame Law
- Mar 17Signed by the President of the SenateMajor
- Mar 17Sent to the GovernorTo Governor
- Mar 16Signed by the Speaker of the HouseMajor
- Feb 20Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Lower
- Vote recorded BILL. Result: pass.Upper
- Feb 19Senate Second Reading Special Order - Passed - No Amendments
- Feb 18Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1174 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. Result: pass.Upper
- Feb 17Introduced In Senate - Assigned to AppropriationsMinor
- Feb 12House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Feb 11House Second Reading Special Order - Passed - No Amendments
- Feb 10House Committee on Appropriations Refer Unamended to House Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1174 to the Committee of the Whole. Result: pass.Lower
- Feb 6Introduced In House - Assigned to AppropriationsIntroduced