HB 20-1260 Summary

• Increases the 2019-20 public school total program funding by $20,270,119 due to higher-than-anticipated pupil enrollment and at-risk pupil counts compared to initial appropriations.

• Requires an additional state appropriation of $9,046,331 for total program funding after offsetting $11,223,788 in increased local property tax and specific ownership tax revenues.

• Adjusts the minimum total program funding threshold for 2019-20 from $7,389,818,526 to $7,603,907,977 after application of the budget stabilization factor.

• Increases state share of districts' total program funding appropriation from $4,441,968,290 to $4,451,014,621 to account for full-day kindergarten funding from House Bill 19-1262.

• Allows the Department of Education and legislative council to make mid-year revisions using actual pupil enrollment, assessed valuations, and tax revenue data to maintain consistent total program funding levels.