CO HB1320

HB 25-1320: Public School Finance Act Summary

• Implements a new school finance formula beginning in the 2025-26 school year that phases in over six years through 2030-31, prioritizing students facing academic challenges including those in poverty, English learners, and students with special needs

• Sets statewide base per pupil funding at $8,691.80 for 2025-26 and establishes minimum total program funding of approximately $10.03 billion for all districts including charter schools

• Creates the "Kids Matter Account" within the State Education Fund beginning July 1, 2026, funded by 0.065% of federal taxable income, dedicated exclusively to district total program funding and categorical programs

• Phases out at-risk supplemental aid for charter schools over two years: 100% of 2024-25 levels in 2025-26, then 50% in 2026-27, with complete repeal effective July 1, 2028

• Caps annual revenue to the Public School Capital Construction Assistance Fund at $150 million (adjusted for inflation), with excess amounts redirected to the State Public School Fund