New School Finance Formula Approved by Committee to Enhance Student Achievement, Promote Fairness in Funding, and Aid Rural Schools

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Bipartisan Bills Pass to Increase School Funding and Improve Higher Education Transparency in Colorado

The House Education Committee in Denver, Colorado, made significant strides in supporting students across the state by passing two bipartisan bills aimed at improving school funding and higher education transparency.

The first bill, HB24-1448, sponsored by Speaker Julie McCluskie and Assistant Majority Leader Jennifer Bacon, focuses on updating Colorado’s school finance formula to provide more resources for at-risk students, English Language Learners, special education students, and rural districts. The outdated formula, which has not been significantly modified in over 30 years, directs more funding to wealthier districts rather than addressing the needs of vulnerable student populations. The new formula, based on recommendations from the Public School Finance Task Force, aims to drive more resources to historically underfunded districts and students with the greatest needs.

Speaker McCluskie emphasized the importance of putting students first and ensuring equitable funding for all learners, regardless of their background or location. The bill, which passed by a vote of 8-3, will gradually phase in over 6 years, with an estimated $852 million allocated for at-risk students, $142.7 million for English Language Learners, and $240 million for special education students once fully implemented.

The second bill, SB24-164, sponsored by Minority Leader Rose Pugliese, focuses on improving transparency in higher education reporting and facilitating the transfer of college credits. This bill aims to make it easier for students to understand the cost of their degree or certificate programs and ensure that transfer students receive the credits they deserve for courses taken at other institutions.

Overall, these bipartisan efforts reflect a commitment to supporting students at every level of education and ensuring that all learners have access to the resources they need to succeed. The bills represent a significant step towards a more equitable and student-centered education system in Colorado.

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