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Budget director explains why PSD is 'floor funded' and what Colorado's new school‑finance law might mean
Summary
Brian Gustafson told the board 74% of PSD's general fund comes from the state 'total program' formula, described why PSD is at the statutory funding floor, and outlined potential impacts and uncertainties from House Bill 24‑1448 (new formula phased in in FY26).
At a Sept. 10 board meeting, Poudre School District Budget Director Brian Gustafson delivered a technical but wide‑ranging walk‑through of Colorado’s school finance formula and the changes the legislature adopted this year.
Gustafson said roughly 74% of PSD’s general fund comes from the state’s school finance “total program,” and explained that local property‑tax collections and state equalization interact such that increased local assessed value does not necessarily raise total program dollars. "More property taxes do not equal more total program funding dollars," he said.
Gustafson described key reasons PSD is classified as "floor funded": smaller multipliers for cost of living and size factors leave PSD near the statutory minimum per‑pupil…
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