Public School Finance Act of 2013

In 2013, Colorado’s school finance law had its first comprehensive overhaul since 1994. The new 2013 School Finance Act (often referred to as Senate Bill 213 or SB 13-213) will go into effect only if Colorado voters approve a tax increase that would raise at least $870 million in new tax revenues by the end of 2017. If Colorado voters do not approve a tax increase of at least $870 million before the end of 2017, the new 2013 Finance Act will automatically be repealed.

As this leadership workbook went to press, Colorado voters had just rejected Amendment 66 in the November 2013 election. Unless another funding mechanism is endorsed by voters, the 2013 Finance Act will not go into effect and the 1994 Finance Act will continue to be the law.