2023 Colorado Revised Statutes › Title 22 - EDUCATION (§§ 22-1-101 — 22-108-109) › FINANCIAL POLICIES AND PROCEDURES (§§ 22-40-101 — 22-45-113) › Article 44 - Budget Policies and Procedures (§§ 22-44-101 — 22-44-305) › Part 1 - SCHOOL DISTRICT BUDGET LAW (§§ 22-44-101 — 22-44-119) › Section 22-44-110 - Budget - consideration - adoption

(1)
Any person paying school taxes in the school district is entitled to attend the meeting of the board of education at which the proposed budget for the district will be considered. At such meeting, the board shall review the functions and objects of the proposed budget. Any taxpayer or his representative is entitled to file or register objections to the proposed budget prior to its final adoption.
(2)
It is not necessary for a board of education to formally adopt the budget on the date specified in the notice of consideration of the proposed budget, but if the budget is to be adopted at a future meeting, the date, time, and place of such meeting shall be entered in the minutes of the meeting of the board held for consideration of the proposed budget as specified in such notice.
(3)
After the board of education has considered the objections of taxpayers, it may change the proposed budget in any manner deemed advisable. If a board increases the total expenditures, it shall provide also for increased revenues at least equal to or greater than the proposed increased expenditures.
(4)
Prior to the beginning of the ensuing fiscal year, the board of education shall formally adopt the budget by appropriate resolution duly recorded. The words "Adopted Budget", the name of the school district, the date of adoption, and the signature of the president of the board shall be entered upon the adopted budget.
(5)
After the adoption of the budget, the board may review and change the budget, with respect to both revenues and expenditures, at any time prior to January 31 of the fiscal year for which the budget was adopted. After January 31, the board shall not review or change the budget except as authorized by this article; except that, where money for a specific purpose from other than ad valorem taxes subsequently becomes available to meet a contingency, the board may adopt a supplemental budget for expenditures not to exceed the amount of said money and may appropriate said money therefrom.
(6)
Effective July 1, 1992, if a school district is authorized to raise and expend additional local property tax revenues at an election held in November of any fiscal year pursuant to former section
22-53-117
or section
22-54-108
or
22-54-108.5
, the board of education may adopt a supplemental budget and supplemental appropriation resolution to cover that portion of the fiscal year following such election. Such supplemental budget shall be based on the additional dollar amount authorized to be raised and expended at such election.
L. 64: p. 621, § 10. C.R.S. 1963: § 123-32-10. L. 90: (6) added, p. 1053, § 4, effective May 31. L. 93: (5) amended, p. 888, § 11, effective May 6. L. 94: (5) amended, p. 590, § 3, effective April 7; (6) amended, p. 818, § 37, effective April 27. L. 99: (5) amended, p. 178, § 9, effective March 30. L. 2007: (6) amended, p. 38, § 5, effective March 7. L. 2008: (5) amended, p. 1216, § 28, effective May 22.
For the legislative declaration contained in the 2008 act amending subsection (5), see section 1 of chapter 286, Session Laws of Colorado 2008.