What impact does Amendment 23 have on Colorado students and schools?
It guarantees minimum per pupil funding increases. Amendment 23 requires that the state legislature annually increase K-12 funding by “inflation +1 percent.” It requires funding for special education and transportation to increase by inflation +1 percent, as well. This is designed to restore the cuts experienced by public schools in the 1990s. It allows additional K-12 spending at the discretion of the legislature. Amendment 23 authorizes additional spending (on top of the “inflation +1″ increases) on other K-12 programs, such as textbooks, class size reduction, early childhood education, and teacher performance incentives. As a result of the current economic and budget crisis, it is virtually certain that school funding levels will go below Amendment 23 minimums in the 2010-11 fiscal year. Amendment 23 has a finance mechanism. It earmarks .33% of Colorado’s income tax for deposit into the “State Education Fund.” These funds are exempt from all TABOR limits. [See State Education Fund F
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