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School Finance Act Passes First Hurdle with Complete Buydown of B.S. Factor, Investment in Rural Schools

Posted on: March 27, 2024
Posted By: CEA Communications
Posted in: Blog | Legislative & Political
Tagged: Education Funding, Educator Pay, Legislative Session, Member Organizing

The Colorado Education Association’s (CEA) nearly 40,000 members have tirelessly advocated for additional funding for Colorado’s education system for years. Today, the School Finance Act, SB24-188, passed out of the Senate Education Committee and includes a complete buy down of the Budget Stabilization Factor and investments in rural schools. The vote count was 7-0.

“Today’s historic investment in Colorado’s education system is the first step towards the fully funded future our students, educators and communities deserve,” said Amie Baca-Oehlert, high school counselor and President of CEA. “Not only does the School Finance Act allocate substantial resources to enhance educational opportunities for our children, it also sets the stage for a comprehensive reimagining of the educational landscape. This investment holds the promise of fostering greater equity, innovation and excellence throughout our schools, empowering students to thrive, educators to excel and communities to flourish.”

Some highlights of the 2024-2025 School Finance Act include:

  • The buy down of the B.S. Factor to $0
  • A rural factor that will provide ongoing additional funding for rural school districts
  • A $420 per-pupil funding increase, bringing base per-pupil funding to $8,496.38

“While the complete buy down of the B.S. Factor and a historic investment in our rural schools are cause for celebration, we must also remember that buying down the B.S. Factor will only return our schools to 1989 funding levels,” said Baca-Oehlert. “We need a permanent funding solution that prioritizes distributing and allocating resources among our schools and communities sustainably and equitably. With a fully funded education system, we can provide our children with the exceptional education that they deserve.”

Amie Baca-Oehlert Testifying on Public School Finance Act

Amie Baca-Oehlert Testifying on Public School Finance Act

 

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