SB 17-119 (Court) Restoration of School District Mill Levies

Originally Posted: February 3, 2017
Last Updated: February 17, 2017

Summary

The bill requires each school district that has obtained voter approval to retain and spend revenues in excess of the property tax revenue limitation imposed on the school district by TABOR to restore the number of mills it levies under the School Finance Act to the number of mills levied in the property tax year immediately preceding the year in which the school district received the voter approval. The mill levies are restored in equal increments over five years. A school district is not allowed to levy a number of mills that would exceed the school district’s total program as calculated before application of the negative factor.

Position

The Colorado Children’s Campaign is closely monitoring this bill as one of several proposals to address inequities in our school finance system. Our system is inherently inequitable and we are encouraged by conversations at the Capitol to address both equity and adequacy in school finance, particularly as they pertain to the property tax system that provides the bulk of local funding for schools.

Current Status

The bill died on a party line 3-2 vote in the Senate State, Veterans, & Military Affairs Committee.

Previous Statuses


February 10, 2017

Scheduled to be heard in the Senate State, Veterans, & Military Affairs Committee on Monday, Feb. 13 at 1:30 p.m. in Room 357.

February 3, 2017

Introduced in the Senate – Assigned to the Senate State, Veterans, & Military Affairs Committee.