Funding Public Schools Formula

The act creates the legislative interim committee on school finance (interim committee). The interim committee will meet during the 2021 and 2022 legislative interims and during the 2022 and 2023 legislative sessions to approve legislation. The committee consists of 4 senators and 4 representatives with equal representation from each party. The act specifies the issues the interim committee must consider. The interim committee may introduce up to a total of 5 bills, joint resolutions, and concurrent resolutions in each of the 2022 and 2023 legislative sessions. The interim committee will contract with a qualified third-party vendor to study approaches to better measure student economic disadvantage in Colorado in addition to or in lieu of using eligibility for the federal school lunch program as a proxy for at-risk students.

The act appropriates $100,153 from the general fund to the legislative department to implement the act.

(Note: This summary applies to this bill as enacted.)