February 29, 2024

Rocky Daily News

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The Unaffiliated | The State Education Fund is flush with cash. What the members of Colorado’s property tax task force want. –

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The Unaffiliated — All politics, no agenda.

Students in Centennial School District R-1 participate in group discussions and read on their own in the school library during class Nov. 7 in San Luis. (Ryan Scavo, Special to The Colorado Sun)

In the 2010s, lawmakers spent every dollar the State Education Fund brought in and then some. But even that wasn’t enough to fully fund K-12 education in Colorado.

Today, Colorado budget writers face a situation unheard of since voters created the fund in 2000. The Joint Budget Committee’s dilemma is no longer how to scrape together money to keep the education fund solvent, but how much money they should spend out of its growing pot.

The account, funded by a 0.33% state income tax, is expected to end this budget year with $1.6 billion in the bank, even after sending $870…

The Colorado Sun

2023-12-08 09:22:51

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