HB 18-1171 Summary

• Reduces total program funding for Colorado public schools in the 2017-18 budget year by $12,917,463 due to lower actual pupil enrollment and at-risk pupil counts than originally projected.

• Adjusts the minimum total program funding threshold for 2017-18 from $6,634,600,182 to $6,627,724,965 to maintain per-pupil funding levels statewide.

• Requires the State Treasurer to transfer $30,723,791 from the General Fund to the State Public School Fund before June 30, 2018.

• Appropriates $7,033,883 from the State Public School Fund for school safety purposes, resulting from the district total program funding reduction.

• Authorizes mid-year revisions to replace budget projections with actual figures including pupil enrollment, assessed valuations, and tax revenue to adjust funding amounts as needed.