SB 17-173 Summary

• Adjusts total program funding for Colorado public schools for the 2016-17 budget year due to lower-than-anticipated pupil enrollment and at-risk pupil counts reducing funding by $25,499,673.

• Reduces local share of total program funding by $23,077,754 based on actual property tax and specific ownership tax revenues being less than anticipated.

• Lowers the minimum total program funding threshold for 2016-17 from $6,394,528,931 to $6,372,284,194 after application of the negative factor to school funding formulas.

• Appropriates $4,115,002,841 to the Department of Education for State Share of Districts' Total Program Funding for fiscal year 2016-17.

• Requires the Department of Education and Legislative Council staff to make mid-year revisions using actual enrollment, assessed valuations, and tax revenue data to maintain consistent funding levels throughout the budget year.