The Senate Education Committee unanimously advanced the School Finance Act (SB26-023) to the Appropriations Committee with a favorable recommendation, adopting seven technical and policy amendments along the way. The hearing featured broad support from education stakeholders and a notable disagreement between the two bill sponsors over whether new state revenue will be needed to sustain K-12 funding long-term.
“The LCS projections from earlier this year confirm what many of us have already known. The phase in the new formula is not sustainable. In their memo from LCS memo from February of this year nonpartisan staff note it modeling by the JBC staff director shows that under current budget economic expectations and incorporating the current law scenario for school finance, the state's general fund reserve will be negative by fiscal year 2930.”
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Sign in to subscribeOkay. The State Senate Education committee will come to order. Ms. Kirstvaln, please take the roll. Senators Bridges. Hello. Bright. Here. Frizzell. Excused. Kip. Here. Rich. Here. Marchman. Here. Mr. Chair. Here. And please note that Senator Frizzell is also here. Today we'll be hearing one bill, Senate Bill 23, brought to us by yours truly and Senator Kirkmeyer. And I will hand the gavel over to my vice chair, Senator Marchmont. I mean that actually that needs to be much. I've sat next to Barb for eight years. I know it's a maniacal, slightly maniacal. I think it's appropriate to the comments. Senators, when you're ready. Senator Kolker. Thank you Madam Chair. Appreciate everyone being here today to hear on the long waited much anticipated School Finance Act. First of all, just want to go over some some background and also thank so many of the stakeholders who have been invol with drafting this bill. It's only a three page bill but we will have a number of amendments today as seems to be typical, you know, with school finance where we're adding things to cover some changes that particularly stakeholders or Department of Ed need done. So we'll…
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