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Archive #43461
Metadata
Bill Number
SB26-135
HTTP Status
200
Valid JSON
Valid
Archived At
2026-03-13 09:22:01 MDT
Created At
2026-03-13 09:22:01 MDT
Parsed JSON
{ "votes": [], "active": "T", "origin": "Senate", "lls_num": "26-0140", "session": "2026A", "subject": [ "Education & School Finance (Pre & K-12)", "Fiscal Policy & Taxes" ], "bill_num": "SB26-135", "sponsors": [ { "id": "JB005", "title": "Representative", "s_type": "Prime Sponsor", "chamber": "House", "full_name": "Jennifer Bacon", "last_name": "Bacon", "first_name": "Jennifer", "sponsor_order": "3" }, { "id": "ML003", "title": "Representative", "s_type": "Prime Sponsor", "chamber": "House", "full_name": "Meghan Lukens", "last_name": "Lukens", "first_name": "Meghan", "sponsor_order": "4" }, { "id": "AB002", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Andrew Boesenecker", "last_name": "Boesenecker", "first_name": "Andrew" }, { "id": "SC001", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Sean Camacho", "last_name": "Camacho", "first_name": "Sean" }, { "id": "MC003", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Michael Carter", "last_name": "Carter", "first_name": "Michael" }, { "id": "MD001", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Monica Duran", "last_name": "Duran", "first_name": "Monica" }, { "id": "LG005", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Lori Goldstein", "last_name": "Goldstein", "first_name": "Lori" }, { "id": "EH002", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Eliza Hamrick", "last_name": "Hamrick", "first_name": "Eliza" }, { "id": "JJ002", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Junie Joseph", "last_name": "Joseph", "first_name": "Junie" }, { "id": "SL004", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Sheila Lieder", "last_name": "Lieder", "first_name": "Sheila" }, { "id": "ML002", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Mandy Lindsay", "last_name": "Lindsay", "first_name": "Mandy" }, { "id": "MM002", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Matthew Martinez", "last_name": "Martinez", "first_name": "Matthew" }, { "id": "KM002", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Karen McCormick", "last_name": "McCormick", "first_name": "Karen" }, { "id": "KN001", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Kenny Nguyen", "last_name": "Nguyen", "first_name": "Kenny" }, { "id": "AP003", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Amy Paschal", "last_name": "Paschal", "first_name": "Amy" }, { "id": "JP002", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Jacque Phillips", "last_name": "Phillips", "first_name": "Jacque" }, { "id": "GR001", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Gretchen Rydin", "last_name": "Rydin", "first_name": "Gretchen" }, { "id": "LS004", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Lesley Smith", "last_name": "Smith", "first_name": "Lesley" }, { "id": "RS002", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Rebekah Stewart", "last_name": "Stewart R.", "first_name": "Rebekah" }, { "id": "BT001", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Brianna Titone", "last_name": "Titone", "first_name": "Brianna" }, { "id": "EV002", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Elizabeth Velasco", "last_name": "Velasco", "first_name": "Elizabeth" }, { "id": "JW003", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Jenny Willford", "last_name": "Willford", "first_name": "Jenny" }, { "id": "JB004", "title": "Senator", "s_type": "Prime Sponsor", "chamber": "Senate", "full_name": "Jeff Bridges", "last_name": "Bridges", "first_name": "Jeff", "sponsor_order": "1" }, { "id": "CK002", "title": "Senator", "s_type": "Prime Sponsor", "chamber": "Senate", "full_name": "Cathy Kipp", "last_name": "Kipp", "first_name": "Cathy", "sponsor_order": "2" }, { "id": "JA002", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Judy Amabile", "last_name": "Amabile", "first_name": "Judy" }, { "id": "AB001", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Adrienne Benavidez", "last_name": "Benavidez", "first_name": "Adrienne" }, { "id": "JC002", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "James Coleman", "last_name": "Coleman", "first_name": "James" }, { "id": "LC003", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Lisa Cutter", "last_name": "Cutter", "first_name": "Lisa" }, { "id": "JD001", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Jessie Danielson", "last_name": "Danielson", "first_name": "Jessie" }, { "id": "LD001", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Lindsey Daugherty", "last_name": "Daugherty", "first_name": "Lindsey" }, { "id": "TE001", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Tony Exum", "last_name": "Exum", "first_name": "Tony" }, { "id": "JG002", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Julie Gonzales", "last_name": "Gonzales J.", "first_name": "Julie" }, { "id": "NH001", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Nick Hinrichsen", "last_name": "Hinrichsen", "first_name": "Nick" }, { "id": "IJ001", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Iman Jodeh", "last_name": "Jodeh", "first_name": "Iman" }, { "id": "CK003", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Chris Kolker", "last_name": "Kolker", "first_name": "Chris" }, { "id": "WL001", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "William Lindstedt", "last_name": "Lindstedt", "first_name": "William" }, { "id": "JM004", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Janice Marchman", "last_name": "Marchman", "first_name": "Janice" }, { "id": "KM001", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Kyle Mullica", "last_name": "Mullica", "first_name": "Kyle" }, { "id": "RR001", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Robert Rodriguez", "last_name": "Rodriguez", "first_name": "Robert" }, { "id": "MS002", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Marc Snyder", "last_name": "Snyder", "first_name": "Marc" }, { "id": "TS001", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Tom Sullivan", "last_name": "Sullivan", "first_name": "Tom" }, { "id": "MW001", "title": "Senator", "s_type": "Additional Sponsor", "chamber": "Senate", "full_name": "Mike Weissman", "last_name": "Weissman", "first_name": "Mike" } ], "bill_files": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/8FAFC819D3685BD387258D04005F15C3/$File/135_01.pdf", "date": "03/05/2026", "label": "Introduced", "url_html": "", "lastModified": "03/05/2026 12:55:36 PM" } ], "committees": [ { "id": "S_FIN_2026A", "name": "Finance", "chamber": "Senate" }, { "id": "S_APP_2026A", "name": "Appropriations", "chamber": "Senate" } ], "long_title": "Concerning state public education K-12 funding, and, in connection therewith, increasing appropriations for state public education K-12 by up to two percent for ten years, using the increased appropriations for district school financing factor funding, allowing the state to retain an amount of state revenue in excess of the limitation on state fiscal year spending equal to state public K-12 education funding, and submitting a ballot question to the registered electors of the state.", "bill_status": "Senate Read Committee Report - SEN Finance", "short_title": "State Public K-12 Education Funding", "bill_summary": "<html><body><p> The bill requires the secretary of state to refer a ballot issue at the November 2026 general election to seek voter approval for the state to retain and spend an amount of state revenue equal to the amount of state public K-12 education funding in excess of the limitation on state fiscal year spending and to increase state public K-12 education funding by up to 2% for 10 years.<br/></p><p> The bill directs legislative council staff to determine the amount of state public K-12 education funding and describes how legislative council staff will make that determination.<br/></p><p> The bill creates a positive factor to provide additional funding for each district. A positive factor is equal to the lesser of 2% of statewide total program funding for the 2026-27 budget year multiplied by a district's total program as a percentage of the statewide total program or the amount that the state is authorized to retain and spend that would otherwise have been in excess of the limitation on state fiscal year spending multiplied by a district's total program as a percentage of the statewide total program. A district may only use its positive factor funding for increasing teacher pay, improving teacher retention, lowering class sizes, and increasing access to career and technical courses.<br/></p><p> The bill creates the excess state revenues account (account) within the general fund. The account consists of an amount of money equal to the amount of state revenues in excess of the excess state revenues cap that the state retains for a given fiscal year pursuant to voter approval of the bill. Money in the account must first be spent for paying districts their positive factor and only after that may be spent for any other purpose.<br/></p><p> The bill directs the state auditor to conduct and publish, for each state fiscal year that the state retains and spends state revenues in excess of the limitation on state fiscal year spending, a legislative report. That report must include descriptions of:<br/></p><p><ul><li>The amount of state revenues that the state retained and spent that would otherwise have been in excess of the limitation on state fiscal year spending; and</li><li>How the state revenues that the state retained and spent that would otherwise have been in excess of the limitation on state fiscal year spending were expended.</li></ul></p><p> Lastly, the bill makes conforming amendments to ensure that voter approval of the bill does not impact the expanded earned income tax credit, the family affordability tax credit, or the affordable housing financing fund.<br/><i>(Note: This summary applies to this bill as introduced.)</i></p></body></html>", "progress_bar": [ { "end": "F", "label": "Introduced", "position": 1 }, { "end": "F", "label": "Under Consideration", "position": 2 } ], "special_type": "", "bill_category": "Education - Public Schools", "allow_testimony": "F", "amendment_files": [ { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/EE85F30277A5173987258DB8004D44F2/SB135_L.003.pdf", "date": "03/12/2026 01:19:37 PM", "vote": "Passed*", "chamber": "Senate", "hearing": "SEN Finance", "url_html": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/EE85F30277A5173987258DB8004D44F2/SB135_L_003.html", "amendment": "L.003" }, { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/A2E041CD3D62D0F587258DB8005A78AE/SB135_L.002.pdf", "date": "03/12/2026 01:18:44 PM", "vote": "Passed*", "chamber": "Senate", "hearing": "SEN Finance", "url_html": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/A2E041CD3D62D0F587258DB8005A78AE/SB135_L_002.html", "amendment": "L.002" }, { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/8F8685D00121992587258DB8004D237D/SB135_L.001.pdf", "date": "03/12/2026 01:17:00 PM", "vote": "Passed*", "chamber": "Senate", "hearing": "SEN Finance", "url_html": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/8F8685D00121992587258DB8004D237D/SB135_L_001.html", "amendment": "L.001" } ], "full_bill_topic": "State Public K-12 Education Funding", "long_bill_files": [], "GHG_report_files": [], "preamended_files": [], "bill_sub_category": "Other", "fiscal_note_files": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/8FAFC819D3685BD387258D04005F15C3/$File/SB135_00.pdf", "date": "03/10/2026", "label": "FN1", "url_html": "", "lastModified": "03/10/2026 08:50:10 AM", "label_detailed": "Initial Fiscal Note" } ], "is_budget_package": "No", "session_laws_files": "", "summarized_history": [ { "date": "03/12/2026", "action": "Senate Committee on Finance Refer Amended to Appropriations", "location": "Senate" }, { "date": "03/05/2026", "action": "Introduced In Senate - Assigned to Finance", "location": "Senate" } ], "research_note_files": [], "bill_sub_sub_category": "Other", "committee_report_files": [], "demographic_note_files": [], "updated_bill_summary_files": [], "budget_staff_analysis_files": [], "first_chamber_third_reading_date": "", "second_chamber_third_reading_date": "" }
Raw Response
{"bill_num":"SB26-135","lls_num":"26-0140","origin":"Senate","short_title":"State Public K-12 Education Funding","full_bill_topic":"State Public K-12 Education Funding","long_title":"Concerning state public education K-12 funding, and, in connection therewith, increasing appropriations for state public education K-12 by up to two percent for ten years, using the increased appropriations for district school financing factor funding, allowing the state to retain an amount of state revenue in excess of the limitation on state fiscal year spending equal to state public K-12 education funding, and submitting a ballot question to the registered electors of the state.","special_type":"","bill_category":"Education - Public Schools","bill_sub_category":"Other","bill_sub_sub_category":"Other","is_budget_package":"No","subject":["Education & School Finance (Pre & K-12)","Fiscal Policy & Taxes"],"bill_status":"Senate Read Committee Report - SEN Finance","sponsors":[{"id":"JB005","title":"Representative","first_name":"Jennifer","last_name":"Bacon","full_name":"Jennifer Bacon","s_type":"Prime Sponsor","chamber":"House","sponsor_order":"3"},{"id":"ML003","title":"Representative","first_name":"Meghan","last_name":"Lukens","full_name":"Meghan Lukens","s_type":"Prime Sponsor","chamber":"House","sponsor_order":"4"},{"id":"AB002","title":"Representative","first_name":"Andrew","last_name":"Boesenecker","full_name":"Andrew Boesenecker","s_type":"Additional Sponsor","chamber":"House"},{"id":"SC001","title":"Representative","first_name":"Sean","last_name":"Camacho","full_name":"Sean Camacho","s_type":"Additional Sponsor","chamber":"House"},{"id":"MC003","title":"Representative","first_name":"Michael","last_name":"Carter","full_name":"Michael Carter","s_type":"Additional Sponsor","chamber":"House"},{"id":"MD001","title":"Representative","first_name":"Monica","last_name":"Duran","full_name":"Monica Duran","s_type":"Additional Sponsor","chamber":"House"},{"id":"LG005","title":"Representative","first_name":"Lori","last_name":"Goldstein","full_name":"Lori Goldstein","s_type":"Additional Sponsor","chamber":"House"},{"id":"EH002","title":"Representative","first_name":"Eliza","last_name":"Hamrick","full_name":"Eliza Hamrick","s_type":"Additional Sponsor","chamber":"House"},{"id":"JJ002","title":"Representative","first_name":"Junie","last_name":"Joseph","full_name":"Junie Joseph","s_type":"Additional Sponsor","chamber":"House"},{"id":"SL004","title":"Representative","first_name":"Sheila","last_name":"Lieder","full_name":"Sheila Lieder","s_type":"Additional Sponsor","chamber":"House"},{"id":"ML002","title":"Representative","first_name":"Mandy","last_name":"Lindsay","full_name":"Mandy Lindsay","s_type":"Additional Sponsor","chamber":"House"},{"id":"MM002","title":"Representative","first_name":"Matthew","last_name":"Martinez","full_name":"Matthew Martinez","s_type":"Additional Sponsor","chamber":"House"},{"id":"KM002","title":"Representative","first_name":"Karen","last_name":"McCormick","full_name":"Karen McCormick","s_type":"Additional Sponsor","chamber":"House"},{"id":"KN001","title":"Representative","first_name":"Kenny","last_name":"Nguyen","full_name":"Kenny Nguyen","s_type":"Additional Sponsor","chamber":"House"},{"id":"AP003","title":"Representative","first_name":"Amy","last_name":"Paschal","full_name":"Amy Paschal","s_type":"Additional Sponsor","chamber":"House"},{"id":"JP002","title":"Representative","first_name":"Jacque","last_name":"Phillips","full_name":"Jacque Phillips","s_type":"Additional Sponsor","chamber":"House"},{"id":"GR001","title":"Representative","first_name":"Gretchen","last_name":"Rydin","full_name":"Gretchen Rydin","s_type":"Additional Sponsor","chamber":"House"},{"id":"LS004","title":"Representative","first_name":"Lesley","last_name":"Smith","full_name":"Lesley Smith","s_type":"Additional Sponsor","chamber":"House"},{"id":"RS002","title":"Representative","first_name":"Rebekah","last_name":"Stewart R.","full_name":"Rebekah Stewart","s_type":"Additional Sponsor","chamber":"House"},{"id":"BT001","title":"Representative","first_name":"Brianna","last_name":"Titone","full_name":"Brianna Titone","s_type":"Additional Sponsor","chamber":"House"},{"id":"EV002","title":"Representative","first_name":"Elizabeth","last_name":"Velasco","full_name":"Elizabeth Velasco","s_type":"Additional Sponsor","chamber":"House"},{"id":"JW003","title":"Representative","first_name":"Jenny","last_name":"Willford","full_name":"Jenny Willford","s_type":"Additional Sponsor","chamber":"House"},{"id":"JB004","title":"Senator","first_name":"Jeff","last_name":"Bridges","full_name":"Jeff Bridges","s_type":"Prime Sponsor","chamber":"Senate","sponsor_order":"1"},{"id":"CK002","title":"Senator","first_name":"Cathy","last_name":"Kipp","full_name":"Cathy Kipp","s_type":"Prime Sponsor","chamber":"Senate","sponsor_order":"2"},{"id":"JA002","title":"Senator","first_name":"Judy","last_name":"Amabile","full_name":"Judy Amabile","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"AB001","title":"Senator","first_name":"Adrienne","last_name":"Benavidez","full_name":"Adrienne Benavidez","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"JC002","title":"Senator","first_name":"James","last_name":"Coleman","full_name":"James Coleman","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"LC003","title":"Senator","first_name":"Lisa","last_name":"Cutter","full_name":"Lisa Cutter","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"JD001","title":"Senator","first_name":"Jessie","last_name":"Danielson","full_name":"Jessie Danielson","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"LD001","title":"Senator","first_name":"Lindsey","last_name":"Daugherty","full_name":"Lindsey Daugherty","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"TE001","title":"Senator","first_name":"Tony","last_name":"Exum","full_name":"Tony Exum","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"JG002","title":"Senator","first_name":"Julie","last_name":"Gonzales J.","full_name":"Julie Gonzales","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"NH001","title":"Senator","first_name":"Nick","last_name":"Hinrichsen","full_name":"Nick Hinrichsen","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"IJ001","title":"Senator","first_name":"Iman","last_name":"Jodeh","full_name":"Iman Jodeh","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"CK003","title":"Senator","first_name":"Chris","last_name":"Kolker","full_name":"Chris Kolker","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"WL001","title":"Senator","first_name":"William","last_name":"Lindstedt","full_name":"William Lindstedt","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"JM004","title":"Senator","first_name":"Janice","last_name":"Marchman","full_name":"Janice Marchman","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"KM001","title":"Senator","first_name":"Kyle","last_name":"Mullica","full_name":"Kyle Mullica","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"RR001","title":"Senator","first_name":"Robert","last_name":"Rodriguez","full_name":"Robert Rodriguez","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"MS002","title":"Senator","first_name":"Marc","last_name":"Snyder","full_name":"Marc Snyder","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"TS001","title":"Senator","first_name":"Tom","last_name":"Sullivan","full_name":"Tom Sullivan","s_type":"Additional Sponsor","chamber":"Senate"},{"id":"MW001","title":"Senator","first_name":"Mike","last_name":"Weissman","full_name":"Mike Weissman","s_type":"Additional Sponsor","chamber":"Senate"}],"committees":[{"id":"S_FIN_2026A","chamber":"Senate","name":"Finance"},{"id":"S_APP_2026A","chamber":"Senate","name":"Appropriations"}],"first_chamber_third_reading_date":"","second_chamber_third_reading_date":"","summarized_history":[{"date":"03/12/2026","location":"Senate","action":"Senate Committee on Finance Refer Amended to Appropriations"},{"date":"03/05/2026","location":"Senate","action":"Introduced In Senate - Assigned to Finance"}],"progress_bar":[{"position":1,"label":"Introduced","end":"F"},{"position":2,"label":"Under Consideration","end":"F"}],"active":"T","session":"2026A","allow_testimony":"F","long_bill_files":[],"bill_files":[{"date":"03/05/2026","lastModified":"03/05/2026 12:55:36 PM","label":"Introduced","url":"https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/8FAFC819D3685BD387258D04005F15C3/$File/135_01.pdf","url_html":""}],"fiscal_note_files":[{"date":"03/10/2026","lastModified":"03/10/2026 08:50:10 AM","label":"FN1","label_detailed":"Initial Fiscal Note","url":"https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/8FAFC819D3685BD387258D04005F15C3/$File/SB135_00.pdf","url_html":""}],"research_note_files":[],"budget_staff_analysis_files":[], "preamended_files":[],"committee_report_files":[],"updated_bill_summary_files":[],"demographic_note_files":[],"GHG_report_files":[],"bill_summary":"<html><body><p> The bill requires the secretary of state to refer a ballot issue at the November 2026 general election to seek voter approval for the state to retain and spend an amount of state revenue equal to the amount of state public K-12 education funding in excess of the limitation on state fiscal year spending and to increase state public K-12 education funding by up to 2% for 10 years.<br/></p><p> The bill directs legislative council staff to determine the amount of state public K-12 education funding and describes how legislative council staff will make that determination.<br/></p><p> The bill creates a positive factor to provide additional funding for each district. A positive factor is equal to the lesser of 2% of statewide total program funding for the 2026-27 budget year multiplied by a district's total program as a percentage of the statewide total program or the amount that the state is authorized to retain and spend that would otherwise have been in excess of the limitation on state fiscal year spending multiplied by a district's total program as a percentage of the statewide total program. A district may only use its positive factor funding for increasing teacher pay, improving teacher retention, lowering class sizes, and increasing access to career and technical courses.<br/></p><p> The bill creates the excess state revenues account (account) within the general fund. The account consists of an amount of money equal to the amount of state revenues in excess of the excess state revenues cap that the state retains for a given fiscal year pursuant to voter approval of the bill. Money in the account must first be spent for paying districts their positive factor and only after that may be spent for any other purpose.<br/></p><p> The bill directs the state auditor to conduct and publish, for each state fiscal year that the state retains and spends state revenues in excess of the limitation on state fiscal year spending, a legislative report. That report must include descriptions of:<br/></p><p><ul><li>The amount of state revenues that the state retained and spent that would otherwise have been in excess of the limitation on state fiscal year spending; and</li><li>How the state revenues that the state retained and spent that would otherwise have been in excess of the limitation on state fiscal year spending were expended.</li></ul></p><p> Lastly, the bill makes conforming amendments to ensure that voter approval of the bill does not impact the expanded earned income tax credit, the family affordability tax credit, or the affordable housing financing fund.<br/><i>(Note: This summary applies to this bill as introduced.)</i></p></body></html>","amendment_files":[{"chamber":"Senate","date":"03/12/2026 01:19:37 PM","amendment":"L.003","hearing":"SEN Finance","vote":"Passed*","url":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/EE85F30277A5173987258DB8004D44F2/SB135_L.003.pdf","url_html":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/EE85F30277A5173987258DB8004D44F2/SB135_L_003.html"},{"chamber":"Senate","date":"03/12/2026 01:18:44 PM","amendment":"L.002","hearing":"SEN Finance","vote":"Passed*","url":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/A2E041CD3D62D0F587258DB8005A78AE/SB135_L.002.pdf","url_html":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/A2E041CD3D62D0F587258DB8005A78AE/SB135_L_002.html"},{"chamber":"Senate","date":"03/12/2026 01:17:00 PM","amendment":"L.001","hearing":"SEN Finance","vote":"Passed*","url":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/8F8685D00121992587258DB8004D237D/SB135_L.001.pdf","url_html":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/8F8685D00121992587258DB8004D237D/SB135_L_001.html"}],"session_laws_files":"","votes":[]}