Colorado HB1174 adjusts school funding for the 2025-26 budget year based on actual enrollment and tax revenue.

Colorado HB1174 modifies the calculation for school district total program funding for the 2025-26 budget year. It accounts for actual pupil enrollment, assessed valuations, and specific ownership tax revenue from the prior year. If the calculation under the new formula is less than the old formula, the district's total program is the greater of the 2024-25 budget year amount or the old formula calculation plus 15% of the difference. The bill also reduces the state share of total program funding by $103,472,508 for the 2025-26 budget year.

Colorado HB1174 adjusts school funding for the 2025-26 budget year based on actual enrollment and tax revenue.

Colorado HB1174 modifies the calculation for school district total program funding for the 2025-26 budget year. It accounts for actual pupil enrollment, assessed valuations, and specific ownership tax revenue from the prior year. If the calculation under the new formula is less than the old formula, the district's total program is the greater of the 2024-25 budget year amount or the old formula calculation plus 15% of the difference. The bill also reduces the state share of total program funding by $103,472,508 for the 2025-26 budget year.