Legislators plan to overhaul education funding system
By Christopher N. Osher and Anna Staver
THE DENVER POST
Colorado lawmakers who write the state budget say they have a plan to change how $8.6 billion is distributed for kindergarten through 12th grade, overhauling a system that critics say disproportionately sends state money to wealthy school districts while schools in poorer areas struggle.
If signed into law, voters in wealthy areas with low property tax rates would have to increase their property taxes to keep school funding at current levels. The state money saved would then get redistributed statewide. Poorer districts already paying relatively high property taxes would be among the top beneficiaries.