SB 25-153 Colorado Senate · 2025 Regular Session

Public School Financial Reporting Requirements

Summary

Under current law, the state charter school institute and each school district, board of cooperative services, and charter school is required to publicly report certain financial information online. The bill requires a school district to report all information for itself and for each of its traditional public schools beginning July 1, 2027. Each report must include additional information concerning actual marketing, student recruitment, lobbying, contractor, and education management provider expenditures and all sources of revenue.(Note: This summary applies to this bill as introduced.)

Issues: ✓ Education

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 5, 2025 Last action Apr 29, 2025

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What changed between versions

Introduced (02/05/2025) → PA1 (02/25/2025) · 5 edits

MODERATE

The bill was amended to shift the deadline for certain reporting requirements from July 1, 2027, to July 1, 2026, and to change the statute being amended from 22-44-304 to 22-44-105 for budget contents. The Senate added a new requirement for the Department to include private source revenue information in the standard chart of accounts by July 1, 2026, while the House removed the repeal of existing reporting obligations and modified how salary schedule information must be posted.

Scope change

The bill now targets the Department's budget contents requirements in addition to financial reporting, and extends the effective date of certain reporting obligations by one year.

TIMELINE

The deadline for the Department to include private source revenue information in the standard chart of accounts was moved from July 1, 2027 to July 1, 2026.

REQUIREMENT

A new requirement was added for the Department to include private source revenue information in the standard chart of accounts by July 1, 2026.

The repeal of existing reporting obligations was removed, meaning the original reporting requirements remain in effect.

Salary schedule posting requirements were modified to require posting the highest and lowest educator and administrator salaries for the 2026-27 budget year.

TECHNICAL

The statute being amended was changed from 22-44-304 to 22-44-105 for budget contents requirements.

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 25, 2025

Upper · Passed

Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

upper

Feb 24, 2025

Committee

Senate Committee on Education Refer Amended to Appropriations

upper

Feb 5, 2025

Introduced

Introduced In Senate - Assigned to Education

upper

2 primary · 0 co-sponsors