Since 2010, the Negative Factor, introduced by the Colorado Legislature in order to balance the state budget, has reduced funding to public schools. These cuts, coupled with the significant growth in our state, have caused many school districts to attempt to increase funding within their own district for their own schools. Please watch the third video in our series, “Local Dollars for Local Schools”. In just four minutes you will learn answers to these questions:
- What is the difference between a mill levy override and a bond?
- What are bond and mill levy override proceeds used for?
- Does every school district receive funds from mill levy overrides and bonds?
- In Colorado, what is the only way to build new schools to address student population growth?