Public School Finance Act of 1973

With the passage of the “Public School Finance Act of 1973”, the Colorado legislature took its first cut at adopting a comprehensive modern school finance system which attempted to equalize funding in the school districts across the state regardless of the property...

1867 (statehood)

Colorado’s constitution requires the state to provide a public education system that is free and uniform. Before 1973, funding for K-12 is primarily based on LOCAL property taxes and therefore funding decisions were also made locally.   Not surprisingly, the wealthier...

Education-Funding

The largest expense item in the General Fund budget is the state’s share of K-12 Education, representing almost 40% of the annual budget. The state currently pays for about 70% of total K-12 Education costs while local governments pay for the remaining 30%. The amount...