Deal to add $90M to CO schools advances in House
DENVER — A bipartisan deal to add another $90 million in funding for Colorado schools is advancing at the state Capitol.
The proposal was approved on an initial voice vote in the House today. Lawmakers say they can spend the extra money because preliminary revenue forecasts are higher than expected.
The proposal would give school districts $22.5 million. Another $67.5 million would be disbursed to the neediest schools in the fall based on school enrollment and other factors.
However, the second part of the deal is dependent on the revenue forecast due out in June.
Democratic Gov. John Hickenlooper initially proposed a $332 million cut to education funding next year but lawmakers reduced that to $250 million. This deal would further reduce that cut.
The deal still faces a final House vote.