HB 16-1253 Summary

• Reduces total program funding for public schools in the 2015-16 budget year by $24,473,753 due to actual pupil enrollment being lower than anticipated.

• Adjusts the minimum total program funding for all districts and institute charter schools to $6,233,835,044 after application of the negative factor.

• Accounts for $133,542,173 in higher-than-expected local property tax and specific ownership tax revenues available to school districts.

• Amends Colorado Revised Statutes section 22-54-104 to modify the negative factor calculation for the 2015-16 budget year based on actual enrollment and revenue data.

• Requires the Department of Education and Legislative Council staff to make mid-year revisions using actual figures for pupil enrollment, assessed valuations, and tax revenues to maintain funding consistency.