Everybody is talking about what will or will not be cut from K-12 public education money this year. Right now, the Joint Budget Committee is considering an across-the-board ~$20 a student recission. Just recently I've heard both that only a quarter of Charter School Capital Construction money will be cut and that half of the money will be cut.
Right now the discussion is about current fiscal year cuts. In the next few weeks the School Finance Act bill will be introduced and then we'll get a better sense of what budget cuts to expect for the upcoming school year. With about half of the state budget going to K-12 public education, severe cuts are inevitable.
Most people who deal with the financial budgeting process in charter schools are factoring a zero percent growth in per student revenue for the 2009-10 school year. Charter School Capital Construction money should never be counted on in a charter school budget because it's subject to approval by the Legislature each year and is not guaranteed.
CDE has a bill tracker on its website this year. This site and the General Assembly's home page should both be bookmarked and visited regularly by every charter school leader in Colorado.
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