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New state school-finance bill changes timing and fixes charter funding method, Adams 12 officials say
Summary
CFO Gina Lanier briefed the board on SB1320, explaining a one-year extension of phase-in, a 15% implementation step and a temporary workaround to preserve historical charter funding methods for 2025–26. The state created a new "kids matter" subaccount that could deposit an estimated $233.7 million if appropriated.
Adams 12 Five Star Schools finance staff told the board on May 7 that a recently passed state school-finance bill (SB1320) changes the phase-in timeline for a new funding formula and that an amendment preserves the district’s existing approach for funding charter schools for the coming year.
Gina Lanier, chief financial officer, said the major technical changes in SB1320 move full implementation of the new formula back one year and adopt a phased-in approach that begins with 15 percent of the formula in 2026–27. If the state lacks sufficient revenue in any year, Lanier said the law contains fallback smoothing…
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