Colo lorado E Edu ducatio ion P Policy Fe Fellowship Pr Program Tracie Rainey, Executive Director Colorado School Finance Project 1/22/2020 1
• Non-profit, non-partisan • Supported by school district Colorado contributions School l • School finance analysis for local Fina nance and state policy makers since Project 1995. (CSF CSFP) Mission: To compile, collect and distribute research-based, non-partisan information and Who a are w we? e? data on topics related to school finance for state Wha hat do do we do do? and local policymakers. 1/22/2020 2
Where are we today Give some history to with reform, school add to perspective for finance and a standards the issues based system TO TODAY’S GOA OALS What are your questions and what would you like to discuss? 1/22/2020 3
Colorado Statehood – Education Clause Standards based system – what Quick H History changed? The ballot box and the courts 1/22/2020 4
State board is elected, they hire state’s education commissioner 178 districts currently – reduced over time Results District size range from less than 50 to over 90,000 students Large state with vast differences in demographics, wealth, and need 1/22/2020 5
● Gallagher 1982 ● TABOR 1992 Results r reflect ct ● School Finance Act 1994 the p pas ast 25 25 ● Amendment 23 years ● Mill Levy Stabilization 2008 ● Residential Assessment Rate drop from 24 to 7.15 1/22/2020 6
Trends in Per Pupil Spending - Comparing Colorado to U.S. Average FY 1991-92 to FY 2015-16 U.S. Census Ed Week Quality Counts National Center Education Statistics U.S. Average per Pupil Spending (baseline) $0 Colorado spends between $2,100 to $2,800 less -$500 per pupil than the Dollars Per Pupil Below U.S. Average U.S. Average. -$1,000 -$1,500 -$2,147 -$2,000 Comparing a variety of sources, the funding gap between Colorado and the U.S. average has continued -$2,222 -$2,500 -$2,793 -$3,000 Audited data from U.S. Census, Quality Counts, NCES * Budget Stabilization Factor (mechanism to reduce Chart: Colorado School Finance Project PK-12 funding) incorporated in School Finance Act Trend nds i in P n Per P Pupi pil S Spendi ding 1/22/2020 7
State & & Local S l Sha hare V Varies ( (by de desig ign) District A District B LOCAL SHARE Local District Taxes: Property Taxes LOCAL SHARE Ownership Tax Local District Taxes: Property Taxes Ownership Tax STATE SHARE State Taxes: General Fund STATE SHARE Education Fund State Taxes: General Fund Education Fund 8 1/22/2020
Tax Payer impact $450.00 $386.10 $400.00 Example of how $357.50 mill levies Actual Value of Home= $350.00 $200,000 impact varies $300.00 Residential Assessment Rate= 7.15% $250.00 $200.00 Non-Residential Assessment Rate = 29% $150.00 Total Assessed Value= $14,300 $100.00 Assessed value x mill $50.00 $28.60 $0.00 27 25 2 1/22/2020 9
Amendment 23 REF C Prop 103 What has Amendment 66 happened at our ballot box? Marijuana Tax Amendment 73 Prop CC 1/22/2020 10
Lujan – have large inequities, taxpayer and student Giradino – BEST Snapshot of school Lobato – Adequate school finance funding litigation in Colorado Mesa County – addressed part of the lack of local tax base Dwyer – enabled the legislature to cut funding – budget stabilization factor 1/22/2020 11
Decade of Cuts to PK-12 Education Budget Stabilization Factor Proportionately reduces total funding to each school district - ongoing FY09-10 FY10-11 FY11-12 FY12-13 FY13-14 FY14-15 FY15-16 FY16-17 FY17-18 FY18-19 $0 ($200,000,000) ($400,000,000) ($600,000,000) ($800,000,000) ($1,000,000,000) ($1,200,000,000) 1/22/2020 12
Colorado's Average Teacher Salary $64,000 $61,298 $62,000 $61,131 $60,000 $59,660 $58,000 $58,287 $58,066 $56,000 $54,000 $52,000 $51,810 $50,000 $48,000 Colorado’s Teacher Salaries $46,000 92-93 97-98 02-03 07-08 12-13 16-17 Sources: CDE and NEA Adjusted for inflation to 2016-17 Colorado National 13
Legislative – Mill Levies – teacher pay – school finance Ballot – changes to funding and Discussions i in constitution 202 2020 Tabor Refunds – multiple ideas being dicussed 1/22/2020 14
Policvision2020co.org/input y Input Tool 2.0 1/22/2020 15
Tracie Rainey Stay connected: • T.Rainey@cosfp.org • www.cosfp.org QUESTI TION ONS: • 303-860-9136 • @COSFP NOW OW O OR LAT ATER • Colorado School Finance Project - Facebook 1/22/2020 16
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