CO SB 135
died on adjournmentState Public K-12 Education Funding
Colorado · 2026 Regular Session · upper
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Quick answers
Did CO SB 135 pass?
No. CO SB 135 died when the 2026 Regular Session adjourned without final action on it. Bills that die this way are sometimes reintroduced in a later session. Latest recorded action (2026-03-05): Introduced In Senate - Assigned to Finance
What is CO SB 135 about?
The act requires the secretary of state to refer a ballot issue at the November 2026 general election to seek voter approval for the state, beginning in the 2026-27 state fiscal year, 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% per year for 10 years. The act 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. The act creates a positive factor to increase state public K-12 education funding. The amount of the positive factor compounds annually for 10 years. The positive factor for the 2026-27 budget year is 2% of the program foundation calculated for the 2025-26 budget year. For the 2027-28 through 2034-35 budget years, it is the sum of 2% of the prior year's program foundation plus the prior year's positive factor. For the 2035-36 budget year and beyond, it is the sum of 2% of the 2034-35 program foundation plus the 2034-35 positive factor. A district's share of the positive factor is calculated proportionally based on the district's total program under the new school finance formula relative to 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. For the 2026-27 state fiscal year, the children's account consists of an amount of money equal to the amount of state revenues that the state retains for a given fiscal year pursuant to voter approval of the act. For state fiscal years commencing on or after July 1, 2027, the account consists of that same amount minus an amount equal to the total dollar amount of warrants issued by the state treasurer to reimburse local governments for property tax exemptions. Money in the account must first be spent to pay districts their positive factor, then any remaining funds are appropriated for disability services and school services and to increase annual contact hours, and finally to programs prioritizing child care and full-day preschool. The act directs the state auditor to conduct and publish a report on excess state revenues for each state fiscal year that the state retains and spends state revenues in excess of the limitation on state fiscal year spending. That report must include descriptions of: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; andHow the state expended the state revenues that the state retained and spent that would otherwise have been in excess of the limitation on state fiscal year spending. Beginning August 1, 2027, the act requires each local education provider to post, online for free public access in a format that can be downloaded and sorted, its actual expenditures of any positive factor received. Lastly, the act updates provisions regarding the expanded earned income tax credit, the family affordability tax credit, and the affordable housing financing fund to ensure that voter approval of the act does not adversely impact those programs.(Note: This summary applies to this bill as enacted.)
Who sponsors CO SB 135?
J. Bridges, I. Jodeh, N. Hinrichsen and 39 others are the primary sponsors of CO SB 135, joined by 13 cosponsors.
Description
The act requires the secretary of state to refer a ballot issue at the November 2026 general election to seek voter approval for the state, beginning in the 2026-27 state fiscal year, 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% per year for 10 years. The act 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. The act creates a positive factor to increase state public K-12 education funding. The amount of the positive factor compounds annually for 10 years. The positive factor for the 2026-27 budget year is 2% of the program foundation calculated for the 2025-26 budget year. For the 2027-28 through 2034-35 budget years, it is the sum of 2% of the prior year's program foundation plus the prior year's positive factor. For the 2035-36 budget year and beyond, it is the sum of 2% of the 2034-35 program foundation plus the 2034-35 positive factor. A district's share of the positive factor is calculated proportionally based on the district's total program under the new school finance formula relative to 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. For the 2026-27 state fiscal year, the children's account consists of an amount of money equal to the amount of state revenues that the state retains for a given fiscal year pursuant to voter approval of the act. For state fiscal years commencing on or after July 1, 2027, the account consists of that same amount minus an amount equal to the total dollar amount of warrants issued by the state treasurer to reimburse local governments for property tax exemptions. Money in the account must first be spent to pay districts their positive factor, then any remaining funds are appropriated for disability services and school services and to increase annual contact hours, and finally to programs prioritizing child care and full-day preschool. The act directs the state auditor to conduct and publish a report on excess state revenues for each state fiscal year that the state retains and spends state revenues in excess of the limitation on state fiscal year spending. That report must include descriptions of: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; andHow the state expended the state revenues that the state retained and spent that would otherwise have been in excess of the limitation on state fiscal year spending. Beginning August 1, 2027, the act requires each local education provider to post, online for free public access in a format that can be downloaded and sorted, its actual expenditures of any positive factor received. Lastly, the act updates provisions regarding the expanded earned income tax credit, the family affordability tax credit, and the affordable housing financing fund to ensure that voter approval of the act does not adversely impact those programs.(Note: This summary applies to this bill as enacted.)
- Introduced
- 2026-03-05
- Latest action
- 2026-03-05 — Introduced In Senate - Assigned to Finance
- Bill type
- bill
- Last updated
- —
Subjects
Sponsors
- J. Bridgessponsor
- I. Jodehsponsor
- N. Hinrichsensponsor
- J. Gonzalessponsor
- T. Exumsponsor
- L. Daughertysponsor
- J. Danielsonsponsor
- L. Cuttersponsor
- J. Colemansponsor
- A. Benavidezsponsor
- J. Amabilesponsor
- M. Lukenssponsor
- J. Baconsponsor
- C. Kippsponsor
- J. Willfordsponsor
- E. Velascosponsor
- B. Titonesponsor
- R. Stewartsponsor
- L. Smithsponsor
- G. Rydinsponsor
- J. Phillipssponsor
- A. Paschalsponsor
- K. Nguyensponsor
- K. McCormicksponsor
- M. Martinezsponsor
- M. Lindsaysponsor
- S. Liedersponsor
- J. Josephsponsor
- E. Hamricksponsor
- L. Goldsteinsponsor
- M. Duransponsor
- M. Cartersponsor
- S. Camachosponsor
- A. Boeseneckersponsor
- M. Weissmansponsor
- T. Sullivansponsor
- M. Snydersponsor
- R. Rodriguezsponsor
- K. Mullicasponsor
- J. Marchmansponsor
- W. Lindstedtsponsor
- C. Kolkersponsor
- K. Stewartcosponsor
- M. Rutinelcosponsor
- N. Rickscosponsor
- J. McCluskiecosponsor
- T. Maurocosponsor
- J. Jacksoncosponsor
- L. Gilchristcosponsor
- M. Froelichcosponsor
- C. Espenozacosponsor
- R. Englishcosponsor
- C. Cliffordcosponsor
- K. Wallacecosponsor
- T. Storycosponsor
Committees
Not provided by source.
Action timeline
Newest first
2026-05-20
Signed by the President of the Senate
passage
2026-05-20
Signed by the Speaker of the House
passage
2026-05-12
Senate Considered House Amendments - Result was to Concur - Repass
2026-05-09
House Third Reading Passed with Amendments - Floor
passage,reading-3
2026-05-08
House Second Reading Special Order - Passed with Amendments - Committee, Floor
2026-05-07
House Second Reading Laid Over Daily - No Amendments
2026-05-05
House Committee on Appropriations Refer Amended to House Committee of the Whole
committee-passage,referral-committee
2026-04-28
Introduced In House - Assigned to Appropriations
introduction
2026-04-27
Senate Third Reading Passed - No Amendments
passage,reading-3
2026-04-22
Senate Second Reading Passed with Amendments - Committee, Floor
reading-2
2026-04-21
Senate Second Reading Laid Over Daily - No Amendments
2026-04-17
Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
committee-passage,referral-committee
2026-03-12
Senate Committee on Finance Refer Amended to Appropriations
referral-committee
2026-03-05
Introduced In Senate - Assigned to Finance
introduction
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Votes
Adopt amendment L.003 (Attachment D)
2026-03-12 · pass · 0-0
Adopt amendment L.002 (Attachment C)
2026-03-12 · pass · 0-0
Refer Senate Bill 26-135, as amended, to the Committee on Appropriations.
2026-03-12 · pass · 0-0
Member-level votes (9)
- Scott Bright: no
- Lisa Frizell: no
- Julie Gonzales: yes
- Chris Kolker: yes
- Kyle Mullica: yes
- Cleave Simpson: no
- Marc Snyder: yes
- Janice Marchman: yes
- Cathy Kipp: yes
Adopt amendment L.001 (Attachment B)
2026-03-12 · pass · 0-0
Adopt amendment L.006
2026-04-17 · pass · 0-0
Adopt amendment L.008
2026-04-17 · pass · 0-0
Refer Senate Bill 26-135, as amended, to the Committee of the Whole.
2026-04-17 · pass · 0-0
Member-level votes (7)
- Julie Gonzales: yes
- Barbara Kirkmeyer: no
- Chris Kolker: yes
- Larry Liston: no
- Byron Pelton: no
- Jeff Bridges: yes
- Judy Amabile: yes
COW * (S.001)
2026-04-24 · fail · 0-0
Member-level votes (36)
- Amabile: no
- Baisley: yes
- Ball: no
- Benavidez: no
- Bridges: no
- Bright: yes
- Carson: yes
- Catlin: yes
- Cutter: no
- Danielson: excused
- Daugherty: no
- Exum: excused
- Frizell: yes
- Gonzales J.: no
- Hinrichsen: no
- Jodeh: no
- Kipp: no
- Kirkmeyer: yes
- Kolker: yes
- Lindstedt: no
- Liston: yes
- Marchman: no
- Mullica: no
- Pelton B.: yes
- Pelton R.: yes
- Rich: yes
- Roberts: no
- Rodriguez: no
- Simpson: yes
- Snyder: no
- Sullivan: no
- Wallace: no
- Weissman: no
- Zamora Wilson: yes
- Coleman: no
- President: no
BILL
2026-04-27 · pass · 0-0
Member-level votes (36)
- Amabile: yes
- Baisley: no
- Ball: yes
- Benavidez: yes
- Bridges: yes
- Bright: no
- Carson: no
- Catlin: no
- Cutter: yes
- Danielson: yes
- Daugherty: yes
- Exum: yes
- Frizell: no
- Gonzales J.: yes
- Hinrichsen: yes
- Jodeh: yes
- Kipp: yes
- Kirkmeyer: no
- Kolker: yes
- Lindstedt: yes
- Liston: no
- Marchman: yes
- Mullica: yes
- Pelton B.: no
- Pelton R.: no
- Rich: no
- Roberts: yes
- Rodriguez: yes
- Simpson: no
- Snyder: yes
- Sullivan: yes
- Wallace: yes
- Weissman: yes
- Zamora Wilson: no
- Coleman: yes
- President: yes
Adopt amendment L.022
2026-05-05 · pass · 0-0
Refer Senate Bill 26-135, as amended, to the Committee of the Whole.
2026-05-05 · pass · 0-0
Member-level votes (11)
- Andrew Boesenecker: yes
- Scott Bottoms: no
- Junie Joseph: yes
- Karen McCormick: yes
- Matt Soper: no
- Rick Taggart: yes
- Brianna Titone: yes
- Elizabeth Velasco: yes
- Yara Zokaie: yes
- Emily Sirota: yes
- Kyle Brown: yes
CONCUR
2026-05-12 · pass · 0-0
Member-level votes (36)
- Amabile: yes
- Baisley: yes
- Ball: yes
- Benavidez: yes
- Bridges: yes
- Bright: yes
- Carson: yes
- Catlin: yes
- Cutter: yes
- Danielson: yes
- Daugherty: yes
- Exum: yes
- Frizell: yes
- Gonzales J.: yes
- Hinrichsen: yes
- Jodeh: yes
- Kipp: yes
- Kirkmeyer: yes
- Kolker: yes
- Lindstedt: yes
- Liston: yes
- Marchman: yes
- Mullica: yes
- Pelton B.: yes
- Pelton R.: yes
- Rich: yes
- Roberts: yes
- Rodriguez: yes
- Simpson: yes
- Snyder: yes
- Sullivan: yes
- Wallace: yes
- Weissman: yes
- Zamora Wilson: yes
- Coleman: yes
- President: yes
REPASS
2026-05-12 · pass · 0-0
Member-level votes (36)
- Amabile: yes
- Baisley: no
- Ball: yes
- Benavidez: yes
- Bridges: yes
- Bright: no
- Carson: no
- Catlin: no
- Cutter: yes
- Danielson: yes
- Daugherty: yes
- Exum: yes
- Frizell: no
- Gonzales J.: yes
- Hinrichsen: yes
- Jodeh: yes
- Kipp: yes
- Kirkmeyer: no
- Kolker: yes
- Lindstedt: yes
- Liston: no
- Marchman: yes
- Mullica: yes
- Pelton B.: no
- Pelton R.: no
- Rich: no
- Roberts: yes
- Rodriguez: yes
- Simpson: no
- Snyder: yes
- Sullivan: yes
- Wallace: yes
- Weissman: yes
- Zamora Wilson: no
- Coleman: yes
- President: yes
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_api_sync, retrieved 2026-08-21T21:01:01.173542Z
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