Colorado’s 2024 Education Reforms: Transforming Funding, Expanding Pathways and Supporting Charter Schools

Colorado

Colorado lawmakers made significant changes in 2024 to improve K-12 education, aligning with key initiatives outlined in Gov. Jared Polis’ State of the State address. These efforts aimed to not only increase student funding, but also to provide fairer financial support for charter schools and enhance education pathways to in-demand careers.  

Colorado’s K-12 Funding Formula Overhauled After 30 Years 

Colorado’s funding formula was updated for the first time in about 30 years to provide more resources to disadvantaged students and increase charter school funding.  

Rep. Julie McCluskie’s HB 1448 followed a framework recommended by a 17-member task force, while also including compromises. Gov. Polis signed the legislation, making the new formula official. The revised funding formula provides for $500 million in new spending over six years and increases funding for students with greater learning needs, such as those living in poverty, learning English or those with disabilities. The measure sends an additional $84 million to school districts next year.  

“It transforms a formula that was about systems into a formula that is about students,” said Senate Minority Leader Paul Lundeen, a sponsor of the bill.  

Colorado Strengthened Pathways to Higher Education and Workforce Readiness 

Gov. Polis signed several bills to strengthen students’ pathways to college and the workforce. The new laws guarantee students’ course credits transfer among higher education institutions; create a tax credit that will make higher education and technical training more affordable for students; authorize a return-on-investment (ROI) analysis of Colorado’s college and career pathways and more. 

Colorado Increased Financial Support for Charter Schools 

Charter schools authorized by the state’s Charter School Institute can now ask to share in some of the proceeds of local voter-approved tax increases when the schools need funding for construction or building renovation projects.  

Gov. Polis signed HB 1154 in May, and the law took effect in August. The law is designed to provide fairer funding for charter schools and expand the availability of quality public school seats for students.  

A bill that would have significantly changed how Colorado charter schools operate and made it easier for local districts to shut schools down was successfully defeated by state lawmakers. Rep. Lorena Garcia’s HB 1363 failed to pass its first committee. The bill would have reduced public school choice by allowing local boards to impose a moratorium on creation of new charter schools and to revoke or not renew existing charter schools in districts with declining or projected-to-decline enrollment.  

Colorado Improved Special Education, Online Learning and Teacher Policies 

Lawmakers also approved measures dealing with special education, online education and teacher recruitment.  

Colorado lawmakers broke with decades of outdated funding models and enacted policies designed to prioritize students’ individual needs while strengthening career readiness. State leaders have laid the groundwork for a more dynamic and responsive education system—one that prepares students for both academic success and the evolving workforce.

Solution Areas:

College & Career Pathways, Education Funding, Private Education Choice, Public Education Choice, Teachers & Leaders

Topics:

Charter Schools, Education Scholarship Accounts

About the Author

Marcos is a Legislative Director for ExcelinEd in Action.