The public school finance act provides the majority

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Unformatted text preview: and 2020. Colorado’s public schools receive funding from a variety of sources. The Public School Finance Act provides the majority of funding to Colorado’s 178 school districts. Funding for public schools accounts for a significant share of state General Fund expenditures and has been affected by General Fund revenue shortfalls associated with the recent recession. In FY2011-12, the education budget accounted for 40.4% of the total General Fund. FY2011-12 appropriations reduce total program funding by approximately $12.5 million in order to balance the state budget. This scenario affects local government educational employment and classroom sizes as district administrators respond to budget reductions. Colorado’s school districts receive funding through local property taxes (33%) and vehicle registration taxes (3%). Since assessed valuations have rebounded slightly, public school funding could receive more local revenue. Statewide, local education employment is expected to grow 1.3% in 2012, to 128,000 employees. < 2012 Colorado Business Economic Outlook International Trade Export Performance in 2011 C olorado’s merch...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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