Good News: Charter Funding Bill Looks Set to Pass Senate
The weekend is fast approaching, but it doesn’t look like charter advocates and legislators will be getting much rest. Further debate on Senate Bill 17-061 has been postponed until Monday, giving both sides some additional time to continue working the levers of influence. For those who haven’t been watching the Colorado Capitol closely this year, SB 061 would address the problem on inequitable local funding for public charter school students by requiring school districts to share mill levy override revenue, or extra voter-approved property taxes for education, with charters. Many of you probably remember that we saw similar legislation last year (in the form of SB 16-188), and that I was strongly supportive of that legislation. Ross Izard, my favorite policy nerd, also supported the bill. Here’s a quick refresher on the issue at hand: Public charter schools get the same amount of funding as traditional public schools under Colorado’s school finance formula (minus some chargebacks for district overhead). But money that flows to schools under the School Finance Act is only part of the education funding equation. In 2014-15, the last year for which we have complete revenue data, the School Finance Formula calculated about $5.9 billion for education. […]
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