This preview shows page 1. Sign up to view the full content.
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...
View Full Document
This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery