Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Greeley School District 6 faces $10–12 million budget gap as new school-finance formula phases in
Summary
At a board work session the district’s CFO said the new state school finance formula and rising costs leave Greeley School District 6 with a roughly $10–$12 million shortfall to cover next year’s budget; leaders said they will pursue staffing adjustments, administrative cuts and use of fund balance while negotiations continue.
GREELEY, Colo. — The Greeley School District No. 6 board heard a budget briefing at its work session in which CFO Megan Sponsler said the district expects per-pupil funding under the proposed School Finance Act to be $12,174 on average but still faces a multi‑million-dollar shortfall once rising costs are accounted for.
Sponsler told the board that the new funding formula (enacted as House Bill 1448 last year and described in the briefing as the School Finance Act/Senate Bill 23) sets a base amount the district projects at $8,909 per pupil and projects total per-pupil funding — after additions for students who are English-language learners, special education and at-risk — at $12,174. She said extended-high-school and multi-district online students have a separate statutory rate of $10,007.21.
The nut of the district’s problem, Sponsler said, is that while total revenue tied to the School Finance Act is expected to rise from about $260,800,000 this year to roughly $268,800,000 next year (an increase of about $8 million), charter passthroughs reduce that gain, leaving…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
