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SB 25-113 CO
Became Law

Mid-Year Adjustments to School Funding

CO · session 2025A · Senate · bill

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Introduced Feb 3, 2025

Latest action (Feb 27, 2025) Introduced In Senate - Assigned to Appropriations

Summary

The general assembly recognizes that for the 2024-25 budget year, the actual funded pupil count is higher than anticipated when the appropriation was established in the 2024 legislative session for total program funding for the 2024-25 budget year. In addition, local property tax revenue and specific ownership tax revenue are lower than anticipated, resulting in a decrease in the local share of total program funding for the 2024-25 budget year. The act declares the general assembly's intent to increase the state share of districts' total program funding by $64,076,611 for the 2024-25 budget year. The act adjusts a repeal date for the total program reserve fund. (Note: This summary applies to this bill as enacted.)

Sponsors (4)

11 coauthors / cosponsors

Action history (12)

  1. Feb 27, 2025 Governor Signed · executive
  2. Feb 21, 2025 Sent to the Governor · executive
  3. Feb 21, 2025 Signed by the Speaker of the House · lower
  4. Feb 21, 2025 Signed by the President of the Senate · upper
  5. Feb 13, 2025 House Third Reading Passed - No Amendments · lower
  6. Feb 12, 2025 House Second Reading Special Order - Passed - No Amendments · lower
  7. Feb 11, 2025 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
  8. Feb 6, 2025 Introduced In House - Assigned to Appropriations · lower
  9. Feb 6, 2025 Senate Third Reading Passed - No Amendments · upper
  10. Feb 5, 2025 Senate Second Reading Special Order - Passed - No Amendments · upper
  11. Feb 4, 2025 Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
  12. Feb 3, 2025 Introduced In Senate - Assigned to Appropriations · upper

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