We have learned that bonds must be passed by a community in order to build, renovate, or repair schools because the State of Colorado does not provide money for capital improvements.
But, did you know that our schools rely in large part on state sales and income tax for their operating expenses? In fact, the state, provides 63% of St. Vrain’s per pupil funding, as determined by the Colorado State Funding Formula.
Why is this noteworthy? Because despite a growing number of students, our schools may have fluctuating, or even decreasing, levels of funding, as evidenced by the two recessions in recent years. Watch the next video in our series to learn:
- how the state of Colorado determines how much money a school district receives
- where that money comes from
- how legislators cut school funding during the last recession to balance the budget
- why these cuts are still in existence, even though we are in a period of economic growth