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CO SB108

Bill

Official Source

Status

Passed

4/8/2013

Primary Sponsor

Pat Steadman

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Increases the minimum total program funding for Colorado public schools in the 2012-13 budget year from $5,286,898,382 to $5,294,033,449 after application of the negative factor
  • Adjusts funding to account for $7,078,289 in higher-than-anticipated state funding due to increased pupil count and at-risk students, offset by $6,175,383 in lower-than-anticipated local property tax revenues
  • Establishes a funding floor for 2013-14 and subsequent budget years that adjusts the prior year's total program funding by the inflation rate
  • Increases the state share of districts' total program funding appropriation by $13,025,121 from the state education fund for fiscal year 2012-13
  • Increases ASCENT Program (concurrent enrollment) funding from $1,211,689 to $1,664,234, supporting an estimated 281.5 FTE participants rather than 205 FTE

Legislative Description

Mid-year School Finance Adjustments

Last Action

Governor Action - Signed

4/8/2013

Committee Referrals

Education2/21/2013
Committee of the Whole2/15/2013
Education1/28/2013

Full Bill Text

No bill text available