School Finance - Rocky Mountain Voice

Colorado is cutting funding for its poorest students. The tool meant to replace it was suspended.

16Jun

By Shaina ColeNo Comments

Rocky Mountain Voice, State, Top Stories

Colorado is cutting funding for its poorest students. The tool meant to replace it was suspended.

By Shaina Cole | Contributing Writer, Rocky Mountain Voice In Colorado's smallest school districts, the ones tucked into rural towns, two state programs direct extra money each year to districts based on how many students live in poverty. They are not a lot, but they are specific. They are meant for those kids. And they are going away. The state is winding down two programs that have directed about $12 million a year to schools serving Colorado's highest concentrations of low-income students. One program was already repealed when the new fiscal year started. The other drops to half its current level July 1 and is eliminated in FY 2027-28. The tool the state built to replace how it counts and funds at-risk students was suspended five weeks ago, after two years of data col...

Colorado collected $3.1 billion in marijuana taxes. Here’s how much actually reaches schools.

30Mar

By Shaina ColeNo Comments

Rocky Mountain Voice, State, Top Stories

Colorado collected $3.1 billion in marijuana taxes. Here’s how much actually reaches schools.

By Shaina Cole | Contributing Writer, Rocky Mountain Voice When Colorado voters said yes to legal marijuana back in 2012, schools were a big part of the pitch. More than a decade in, the state has collected over 3.1 billion dollars in tax revenue. So where does it all go? That number still carries a certain weight. It suggests a level of impact that would be visible in classrooms across the state. But when the dollars are traced through the system, then stacked up against what it actually costs to run schools, the effect looks different. Not invisible. Just smaller than people tend to expect. A closer look at what schools receive In the 2024 to 2025 fiscal year, Colorado collected about 231.1 million dollars in marijuana tax revenue, according to the state’s nonp...

Parents Accuse DPS of Sidestepping TABOR Limits and Violating Colorado Organized Crime Control Act

25Feb

By External OutletNo Comments

The Denver Gazette, Approved, Local

Parents Accuse DPS of Sidestepping TABOR Limits and Violating Colorado Organized Crime Control Act

By Nicole C. Brambila | The Denver Gazette The parent advocacy group that previously accused Denver Public Schools of financial misconduct in court documents has escalated its claims, alleging the district engaged in racketeering through its bond and lease-financing structures. Mamás de DPS filed a complaint in Denver District Court on Tuesday, accusing district officials of violating the Colorado Organized Crime Control Act. The lawsuit also names the Denver School Facilities Leasing Corp. and Wells Fargo Bank as defendants. The lawsuit alleged that district officials violated the statute by creating a “shell corporation” and “unlawfully mortgaging” DPS buildings “for the purpose of permitting a bank trustee (here, Wells Fargo) to use public monies to generate investm...

Jeffco Schools Warns Staff of Major Job Cuts as Budget Strain Deepens

16Dec

By External OutletNo Comments

The Denver Gazette, Approved, Local

Jeffco Schools Warns Staff of Major Job Cuts as Budget Strain Deepens

By Sage Kelley | The Denver Gazette Jeffco Public Schools employees received a voicemail from Superintendent Tracy Dorland Monday morning warning them of potential job cuts in the next year. “My holiday message this year is a more somber and serious one,” Dorland said in a voicemail obtained by The Denver Gazette. “Some of our colleagues in central services will receive notifications this week about changes to their positions at the end of the 2025-2026 school year.” The district expects to eliminate between 150 and 160 full-time positions as part of its new Budget Reduction Blueprint — or overall plan to whittle $60 million from the district’s budget in the 2026-2027 school year, according to a Nov. 13 presentation to the district’s board of education by Chi...

Audit Raises Questions Over DPS Debt Practices As Taxpayers Foot the Bill

24Nov

By External OutletNo Comments

The Denver Gazette, Approved, Local

Audit Raises Questions Over DPS Debt Practices As Taxpayers Foot the Bill

By Nico Brambila | The Denver Gazette Denver Public Schools is operating with a negative net position — owing more in long-term obligations than it holds in assets — a rare and troubling financial posture for a major Colorado school district, according to an audit. Presented on Thursday, the audit for fiscal year 2024–25, which ended June 30, showed the district is carrying $4.07 billion in long-term liabilities. (For context, the district budget last fiscal year was about $1.5 billion.) Total assets remained lower, even after the district added nearly $1 billion in unspent 2024 bond proceeds to its books — cash voters approved a year ago that had not yet been put to use. As those bond dollars are spent, the cash asset will disappear, while the long-term debt remains,...

Audit Finds Financial Strain Growing in 16 Colorado School Districts

22Oct

By External OutletNo Comments

Colorado Politics, Approved, State

Audit Finds Financial Strain Growing in 16 Colorado School Districts

By: Marianne Goodland | Colorado Politics Sixteen school districts in Colorado, almost all of them rural, are showing signs of financial stress, according to an audit released on the fiscal health of the state’s 178 public school districts. Eighteen other districts, however, are moving off the list with improvements to their fiscal health in the 2023-24 fiscal year. The Ellicott School District, east of Colorado Springs, was under the bullseye Monday, with five missed benchmarks in 2023-24, up from one in 2022-23. The district had no missed benchmarks just two years earlier. School districts with two or more missed financial benchmarks, 2021-2022 to 2023-24. Of the 16 school districts that missed financial benchmarks, four were in rural El Paso County. The...

Denver Schools say lease-financing is lawful, critics say it skirts voter oversight

29May

By External OutletNo Comments

Approved, denvergazette.com, Local

Denver Schools say lease-financing is lawful, critics say it skirts voter oversight

By Nicole C. Brambila | Denver Gazette In a motion to dismiss filed Friday in response to a lawsuit, Denver Public Schools (DPS) defended its use of lease-purchase agreements — a financing method critics say sidesteps required voter approval for public debt that could leave students without access to their schools if the district defaults. “This allegedly unlawful ‘scheme’ is actually a common and completely legal method of financing projects for public entities in a manner that is authorized by statute and has been repeatedly ratified by Colorado courts,” DPS officials said in their filing. As previously reported by The Denver Gazette, DPS has quietly taken on hundreds of millions of dollars in long-term debt through a controversial financing tactic that sidesteps the state’s con...

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Tag: School Finance

Colorado is cutting funding for its poorest students. The tool meant to replace it was suspended.

Colorado collected $3.1 billion in marijuana taxes. Here’s how much actually reaches schools.

Parents Accuse DPS of Sidestepping TABOR Limits and Violating Colorado Organized Crime Control Act

Jeffco Schools Warns Staff of Major Job Cuts as Budget Strain Deepens

Audit Raises Questions Over DPS Debt Practices As Taxpayers Foot the Bill

Audit Finds Financial Strain Growing in 16 Colorado School Districts

Denver Schools say lease-financing is lawful, critics say it skirts voter oversight

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