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Senate adopts school finance package; amendments add short-term BEST and formula funding actions
Summary
The Senate passed House Bill 13-20 to implement a new school finance formula and related changes. Floor amendments created a 'Kids Matter' account, added one-time BEST program funding for capital projects, and harmonized how charter schools are funded for the coming year.
House Bill 13-20 cleared the Senate May 2 after floor amendments designed to safeguard implementation of a new school funding formula and to add short-term capital funding.
Sponsors said the bill implements a revised school finance formula intended to improve equity among districts and to set the state on a path to full funding. Floor amendment L50 established a dedicated account (referred to on the floor as a "Kids Matter" account) to direct a portion of state revenue to…
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