SB 25-113: Mid-Year Adjustments to School Funding - Colorado

Rerevised (02/13/2025) → Revised (02/12/2025) · 3 edits

MINOR

The bill text was updated to reflect its current status as 'Revised' rather than 'Rerevised,' indicating it has passed the second house. The list of co-sponsors was significantly shortened, removing several representatives who were previously listed. A new section was added to appropriate funds to the Department of Education for the 2024 fiscal year.

Scope change

The bill's scope regarding its legislative status and sponsorship list changed, but the substantive policy scope remains unchanged.

TECHNICAL

The header text was updated from 'REREVISED' to 'REVISED' to accurately reflect that the bill has passed the second reading in the second house.

The list of House co-sponsors was reduced from nine names to just two (Bird and Taggart), removing Sirota, Clifford, Duran, Gonzalez R., Keltie, Lieder, Mauro, McCluskie, Story, and Valdez.

FISCAL

A new provision was added to appropriate funds to the Department of Education for the fiscal year beginning July 1, 2024, referencing a previous House Bill.

Final Act (02/21/2025) → Rerevised (02/13/2025) · 3 edits

MINOR

This bill adjusts school funding for the 2024-25 budget year to account for higher-than-expected student enrollment and lower-than-expected local tax revenue. It increases the state's share of total program funding by over $64 million and updates a repeal date for a specific reserve fund to July 1, 2025. The revision also standardizes the bill's header and formatting to reflect its final passage.

Scope change

The bill's scope remains focused on adjusting school funding calculations and appropriations for the 2024-25 budget year; no new eligibility criteria or substantive policy requirements were added.

FISCAL

The state's share of total program funding for school districts is increased by $64,076,611 to compensate for higher actual pupil counts and lower local tax revenue.

TIMELINE

The repeal date for the 'total program reserve fund' was updated to become effective on July 1, 2025.

TECHNICAL

Internal legislative notes regarding signatures and status were removed, while official headers and reading dates were added to finalize the document.

Signed Act (02/27/2025) → Final Act (02/21/2025) · 4 edits

MODERATE

This bill adjusts school funding for the 2024-2025 budget year to account for a higher-than-anticipated pupil count, resulting in a $38.5 million increase in total program funding. The act also corrects a calculation error regarding the local share of funding, which was previously understated by $25.6 million. Additionally, the document includes administrative updates to the bill's text and formatting.

FISCAL

Increased total program funding by $38,467,082 to reflect the actual funded pupil count for the 2024-25 budget year.

Corrected the calculated local share of total program funding, acknowledging it is $25,609,529 lower than previously estimated based on actual tax revenues.

TECHNICAL

Added a note indicating the bill is prepared for signatures by legislative officers and the Governor.

Reformatted the bill text to align with standard final act conventions, including changes to section headers and table formatting.

Reengrossed (02/06/2025) → Signed Act (02/27/2025) · 3 edits · Feb 27, 2025

MINOR

This bill adjusts school funding for the 2024-25 budget year to account for higher-than-anticipated student enrollment and lower-than-expected local property tax revenue. The state will increase its share of total program funding by approximately $64 million to compensate for the shortfall in local funding. The bill also repeals the total program reserve fund effective July 1, 2025, and includes specific appropriation changes for the Department of Education.

FISCAL

Increased state share of total program funding by $64,076,611 for the 2024-25 budget year to offset lower local property tax revenue and higher student enrollment.

DEFINITION

Repealed the total program reserve fund, which was previously established in Colorado Revised Statutes 22-45-103.

TECHNICAL

Updated appropriation amounts and line items in the Department of Education budget for the 2024-25 fiscal year, including adjustments to state share funding and administrative expenses.

Engrossed (02/05/2025) → Reengrossed (02/06/2025) · 3 edits · Feb 6, 2025

MINOR

The bill was reengrossed to incorporate all amendments adopted in the House of Introduction, updating the version to reflect the latest legislative changes. The summary section was updated to indicate this is the 3rd Reading Unamended version as of February 6, 2025, with a note that a new summary will be available for the reengrossed version if it passes. Financial line items were removed from the text, likely due to formatting or consolidation changes.

TECHNICAL

Bill status changed from 'Engrossed' to 'Reengrossed' to reflect adoption of all House amendments.

Bill summary section updated to indicate 3rd Reading Unamended status with February 6, 2025 date and note about future summary availability.

Financial line items (System Maintenance, School Finance Audit, Payments) were removed from the text, likely due to formatting or consolidation changes.

Introduced (02/03/2025) → Engrossed (02/05/2025) · 3 edits · Feb 6, 2025

MINOR

The bill was amended from 'Introduced' to 'Engrossed' status, incorporating all House amendments adopted during second reading. The primary substantive change involves minor formatting adjustments to the appropriation table headers and page numbering, with no significant policy, funding, or eligibility modifications.

TECHNICAL

Page numbering format changed from 'SB25-113' to '113' in the footer sections.

Appropriation table column headers were slightly reformatted with spacing adjustments to align 'REAPPROPRIATED FUNDS' and 'FEDERAL FUNDS' columns.

Header section updated to reflect 'ENGROSSED' status with note that version includes all amendments adopted on second reading in the House of Introduction.

Mid-Year Adjustments to School Funding

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