Colorado updates school formula
(COLORADO) — Governor Jared Polis signed a monumental, bipartisan bill to support Colorado students on Thursday, May 23.
The law, HB24-1448, will update Colorado’s school finance formula which has not been significantly updated in 30 years. The current formula is built around district-centered factors rather than student needs. The new formula focuses on putting students first, it considers size, online funding, locale factors, cost of living, and at-risk fundings amongst other factors,
“With our historic buy-down of the budget stabilization factor, this is the time to update Colorado’s 30-year-old inequitable school finance formula to better reflect our state’s values,” said Assistant Majority Leader Jennifer Bacon. “When it comes to public education in Colorado, we have not been meeting the needs of our most…
