SB 287 to give schools nearly $1,000 more per student next year

The school finance act, the legislative measure that funds public schools, is well on its way to passage through the General Assembly in the waning weeks of the session.

Senate Bill 287 funds each student at $8,076.41, an eight percent increase over 2022-23 levels. It’s just shy of $1,000 more per student, according to Senator Rachel Zenzinger, D-Arvada, the bill’s sponsor.

The bill also begins a two-year process for finally paying off the debt to K-12 education, known as the budget stabilization factor.

Using money from the State education fund, the bill pays down the BS factor by $180 millio...