Colorado 2024 Regular Session

Colorado House Bill HB1207

Introduced

2/2/24

Introduced

2/2/24

Report Pass

2/6/24

Refer

2/2/24

Report Pass

2/6/24

Engrossed

2/9/24

Refer

2/6/24

Engrossed

2/9/24

Report Pass

2/13/24

Refer

2/9/24

Report Pass

2/13/24

Engrossed

2/26/24

Refer

2/13/24

Engrossed

2/27/24

Engrossed

2/26/24

Engrossed

2/27/24

Passed

3/8/24

Enrolled

2/27/24

Passed

3/8/24

Caption

Adjustments to School Funding Budget Year 2023-24

Impact

The implications of HB 1207 are significant in shaping the fiscal dynamics of school district funding. By adjusting the state share of the overall program funding downwards, the bill signifies a consolidation of budgetary resources which reflects anticipated revenue changes for local property taxes and ownership taxes. This adjustment aims to balance the financial expectations of local districts while preserving the integrity of the state education fund amidst fluctuations in student enrollment and local tax revenues.

Summary

House Bill 1207 focuses on making adjustments to the school funding for the 2023-24 budget year in Colorado. The bill seeks to address discrepancies in anticipated versus actual pupil counts and related funding, aiming to ensure that local share contributions exceed original expectations by over $85 million. To manage these changes, the bill intends to maintain a budget stabilization factor, which ultimately results in a reduction of state contributions aimed at stabilizing the funding formula.

Sentiment

The general sentiment around HB 1207 seems cautiously optimistic among supporters who recognize the need for adjustments given the actual increases in pupil counts. Those in favor argue that the bill is a reasonable response to evolving educational needs and promotes financial accountability. Conversely, some stakeholders express concern that the reductions in state contributions could strain district budgets and affect the quality of education due to the reliance on variable local revenues.

Contention

A notable point of contention surrounding the bill involves the adequacy of the budget stabilization factor and its long-term implications for school funding sustainability. Critics question whether the reduced state allocations will adequately support districts, especially those with higher at-risk pupil populations that require more resources. The debate reflects broader tensions between maintaining fiscal responsibility at the state level and ensuring comprehensive support for educational institutions across Colorado.

Latest CO HB1207 Activity

View All Events: CO 2024 Regular Session HB1207

Companion Bills

No companion bills found.

Previously Filed As

CO SB113

Mid-Year Adjustments to School Funding

CO HB261174

Concerning adjustments to school funding for the 2025-26 budget year, and, in connection therewith, reducing an appropriation.

CO HB1174

School Finance Mid-Year Adjustments

CO SB1472

School district budgets; three years

CO SB1571

school district budgets; two years

CO SF2201

A bill for an act relating to school funding by establishing the state percent of growth and the categorical state percent of growth for the budget year beginning July 1, 2026, modifying provisions relating to property tax replacement payments, transportation equity aid funding, funding for school district budget adjustments, and school district enrollment, establishing an education support personnel salary supplement, making appropriations, and including effective date and applicability provisions. (Formerly SSB 3100.) Effective date: 02/26/2026, 07/01/2026. Applicability date: 07/01/2026.

CO HB1430

Transportation Funding Adjustments

CO SSB3100

A bill for an act relating to school funding by establishing the state percent of growth and the categorical state percent of growth for the budget year beginning July 1, 2026, modifying provisions relating to property tax replacement payments, the regular program state cost per pupil, funding for school district budget adjustments, and school district enrollment, and including effective date and applicability provisions.(See SF 2201.)

CO HB261430

Concerning adjustments to transportation funding.

CO AB105

Budget Acts of 2021, 2023, 2024, and 2025.

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