2023 Colorado Revised Statutes › Title 22 - EDUCATION (§§ 22-1-101 — 22-108-109) › FINANCING OF SCHOOLS - CONTINUED (§§ 22-53-101 — 22-58-101) › Article 54 - Public School Finance Act of 2025 (§§ 22-54-101 — 22-54-147) › Section 22-54-107.7 - Override mill levy match - working group - creation - report - repeal

(1)
There is created by the legislative council staff an override mill levy match working group to meet during the 2024 interim and make recommendations concerning modifying the override mill levy match, created pursuant to section 22-54-107.9, to ensure more equitable funding distributions and greater access to funding for eligible districts and eligible institute charter schools, make recommendations concerning which eligible districts and eligible institute charter schools will receive a distribution from the mill levy override match fund pursuant to section 22-54-107.9 for the 2024-25 budget year, and to identify and analyze inequities between neighboring districts that have differing mill levy overrides, levels of property tax bases, or demonstrated levels of local effort.
(2)
(a)
The override mill levy match working group must include:
(I)
Seven nonlegislative members who are chief financial officers appointed as follows:
(A)
The speaker of the house of representatives shall appoint one member who is a chief financial officer of a rural district, one member who is a chief financial officer of a small rural district, one member who is a chief financial officer of a suburban district, and one member who is a chief financial officer of an urban district located in or near the Denver metropolitan area; and
(B)
The senate minority leader shall appoint one member who is the chief financial officer of a rural district, one member who is the chief financial officer of a suburban district, and one member who is the chief financial officer of an urban district that is not located in or near the Denver metropolitan area.
(II)
One member of the majority party in the house of representatives, appointed by the speaker of the house of representatives, who shall serve as the chair; and
(III)
One member of the minority party in the senate, appointed by the minority leader of the senate, who shall serve as the vice-chair.
(b)
Legislative council staff shall assist the override mill levy match working group in fulfilling its duties required pursuant to this section.
(3)
(a)
The override mill levy match working group shall not submit bill drafts as part of its recommendations.
(b)
Meetings of the override mill levy match working group are subject to the open meetings provisions contained in part 4 of article 6 of title 24. Except as otherwise provided in part 2 of article 72 of title 24, or other applicable state or federal law, records of the override mill levy match working group are subject to part 2 of article 72 of title 24.
(4)
The override mill levy match working group must meet at least three times but no more than five times during the 2024 legislative interim, unless additional meetings are authorized by the executive committee of the legislative council.
(5)
On or before December 31, 2024, the override mill levy match working group shall submit a report to the executive committee of the legislative council, the education committees of the house of representatives and the senate, or any successor committees, and the joint budget committee concerning its recommendations to modify the override mill levy match.
(6)
This section is repealed, effective July 1, 2026.
Added by 2024 Ch. 236,§ 19, eff. 5/23/2024.