Colo lorado E Edu ducatio ion P Policy Fe Fellowship Pr - - PowerPoint PPT Presentation

Colo lorado E Edu ducatio ion P Policy Fe Fellowship Pr Program

Tracie Rainey, Executive Director Colorado School Finance Project

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Colorado School l Fina nance Project (CSF CSFP)

Who a are w we? e? Wha hat do do we do do?

• Non-profit, non-partisan
• Supported by school district

contributions

• School finance analysis for local

and state policy makers since 1995.

Mission: To compile, collect and distribute research-based, non-partisan information and data on topics related to school finance for state and local policymakers.

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TO TODAY’S GOA OALS

Give some history to add to perspective for the issues Where are we today with reform, school finance and a standards based system What are your questions and what would you like to discuss?

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Quick H History

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Colorado Statehood – Education Clause Standards based system – what changed? The ballot box and the courts

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Results

State board is elected, they hire state’s education commissioner 178 districts currently – reduced

• ver time

District size range from less than 50 to over 90,000 students Large state with vast differences in demographics, wealth, and need

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Results r reflect ct the p pas ast 25 25 years

• Gallagher 1982
• TABOR 1992
• School Finance Act 1994
• Amendment 23
• Mill Levy Stabilization 2008
• Residential Assessment Rate drop

from 24 to 7.15

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Trend nds i in P n Per P Pupi pil S Spendi ding

• $2,147
• $2,793
• $2,222
• $3,000
• $2,500
• $2,000
• $1,500
• $1,000
• $500

$0

Dollars Per Pupil Below U.S. Average

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)

Audited data from U.S. Census, Quality Counts, NCES Chart: Colorado School Finance Project * Budget Stabilization Factor (mechanism to reduce PK-12 funding) incorporated in School Finance Act

Comparing a variety of sources, the funding gap between Colorado and the U.S. average has continued Colorado spends between $2,100 to $2,800 less per pupil than the U.S. Average.

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State & & Local S l Sha hare V Varies ( (by de desig ign)

LOCAL SHARE

Local District Taxes: Property Taxes Ownership Tax

STATE SHARE

State Taxes: General Fund Education Fund

LOCAL SHARE

Local District Taxes: Property Taxes Ownership Tax

STATE SHARE

State Taxes: General Fund Education Fund

District A District B

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Example of how mill levies impact varies

Actual Value of Home= $200,000 Residential Assessment Rate= 7.15% Non-Residential Assessment Rate = 29% Total Assessed Value= $14,300 Assessed value x mill

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$386.10 $357.50 $28.60

$0.00 $50.00 $100.00 $150.00 $200.00 $250.00 $300.00 $350.00 $400.00 $450.00 27 25 2

Tax Payer impact

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What has happened at

• ur ballot

box?

Amendment 23 REF C Prop 103 Amendment 66 Marijuana Tax Amendment 73 Prop CC

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Snapshot of school finance litigation in Colorado Lujan – have large inequities, taxpayer and student Giradino – BEST Lobato – Adequate school funding Mesa County – addressed part

• f the lack of local tax base

Dwyer – enabled the legislature to cut funding – budget stabilization factor

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Decade of Cuts to PK-12 Education Budget Stabilization Factor

Proportionately reduces total funding to each school district - ongoing

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($1,200,000,000) ($1,000,000,000) ($800,000,000) ($600,000,000) ($400,000,000) ($200,000,000) $0 FY09-10 FY10-11 FY11-12 FY12-13 FY13-14 FY14-15 FY15-16 FY16-17 FY17-18 FY18-19

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Colorado’s Teacher Salaries

$61,131 $58,066 $51,810 $58,287 $61,298 $59,660 $46,000 $48,000 $50,000 $52,000 $54,000 $56,000 $58,000 $60,000 $62,000 $64,000 92-93 97-98 02-03 07-08 12-13 16-17

Colorado's Average Teacher Salary

Colorado National

Sources: CDE and NEA Adjusted for inflation to 2016-17

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Discussions i in 202 2020

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Legislative – Mill Levies – teacher pay – school finance Ballot – changes to funding and constitution Tabor Refunds – multiple ideas being dicussed

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Policvision2020co.org/input y Input Tool 2.0

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QUESTI TION ONS: NOW OW O OR LAT ATER

Tracie Rainey

• T.Rainey@cosfp.org
• 303-860-9136

Stay connected:

• www.cosfp.org
• @COSFP
• Colorado School

Finance Project - Facebook

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