HB 14-1298 Summary

• Sets statewide base per pupil funding at $6,121 for the 2014-15 budget year, comprising $5,954.28 plus $166.72 for inflation adjustment.

• Modifies cost of living factor calculations for school districts starting in 2014-15, with different thresholds based on income level changes and district cost of living adjustments.

• Expands Colorado preschool program participation from 23,360 to 28,360 children annually starting in 2014-15 budget year.

• Repeals and reenacts Article 24 (English Language Proficiency Act), establishing comprehensive funding and support for English language learner programs with per-pupil allocations and professional development provisions.

• Adjusts bonded indebtedness limits for school districts and increases preschool funding by approximately $16-18 million for fiscal year 2014-15.