Senate Bill 25-113, titled "Mid-Year Adjustments to School Funding," was introduced during the 2025 Regular Session of the Colorado General Assembly. The bill addresses adjustments to school funding for the 2024-25 budget year, including an increase in the state share of districts' total program funding by $64,076,611.
Key Details:
Purpose: The bill aims to adjust school funding to account for a higher-than-anticipated funded pupil count and lower-than-expected local property tax and specific ownership tax revenues. This adjustment increases the state share of total program funding for the 2024-25 budget year.
Legislative Process: The bill was introduced and referred to the Appropriations Committee. It was subsequently referred to the Committee of the Whole and placed on the consent calendar. The committee passed the bill with a unanimous vote.
Effective Date: The bill does not include a safety clause, meaning it will take effect on August 6, 2025, assuming the General Assembly adjourns sine die on May 7, 2025.
Summary
Joint Budget Committee. 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 bill 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 bill adjusts a repeal date for the total program reserve fund.
