New figures released for decade’s worth of state funding cuts to Colorado education

New figures released for decade’s worth of state funding cuts to Colorado education

The Colorado School Finance Project released on Monday updated numbers on how much money the state’s 178 public school districts have lost in the past decade from state funding cuts. What was called the “negative factor” and is now known as the “budget stabilization factor” meant lawmakers diverted dollars earmarked for schools to other needs, such as transportation, as a result of the recession. This year, state legislators agreed to a buy down $150 million of the education debt, leaving $672 million remaining of the shortfall.

Source: gazette.com/new-figures-released-for-decades-worth-of-state-funding-cuts-to-education/article/1626387