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Colorado Department of Education seeks $3 million to begin modernization of decade-old school finance system
Summary
The Colorado Department of Education told the Joint Technology Committee it needs an estimated $5–9 million over two to three years to modernize its outdated school finance system; the department requested $3 million in initial general funds for fiscal year 2025–26 and described planned next steps including an RFP process.
Sheldon Rosenkrantz, chief district operations officer for the Colorado Department of Education, told the Joint Technology Committee that the agency is seeking to modernize a school finance system more than a decade old that supports monthly school finance distributions and annual transportation funding.
Rosenkrantz said the current system is used to determine monthly distributions of about $9,700,000,000 and annual transportation funding of about $71,800,000 and that many components became unstable after a 2019 change to the full‑day kindergarten funding factor. "Many of the components of the system are entirely nonoperational, forcing CDE to manage over $9,000,000,000 in school funding manually," Rosenkrantz said.
The depa…
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