Colorado’s school finance act would boost K-12 funding next year to more than $9 billion — $150 million more than described in the recently finalized 2023-24 budget and a 7.5% increase from this year. “The change to school finance is historic,” said Joint Budget Committee Chair Rachel Zenzinger. Average per-pupil spending is proposed to reach $10,579, a 10% increase from this year. The bill, SB23-287, could set Colorado on the path to fully funding its schools according to constitutional requirements by the 2024-25 school year.