The Colorado School Finance Project released on Monday updated numbers on how much money the state’s 178 public school districts have lost in the past decade from state funding cuts.
What was called the “negative factor” and is now known as the “budget stabilization factor” meant lawmakers diverted dollars earmarked for schools to other needs, such as transportation, as a result of the recession.
The amount equals how much Colorado underfunds its schools when compared to the constitutional requirement that spending on education increase every year based on student count and inflation.
This year, state legislators agreed to “buy down” $150 million of the education debt, leaving $672 million remaining of the shortfall.
Here’s the tally for Pikes Peak region school districts, of how much state revenue they’ve lost from 2008 to 2018:
Colorado Springs D-11: $261 million
Academy D-20: 195 million
Falcon D-49: $158 million
Harrison D-2: $98 million
Widefield D-3: $73 million
Fountain-Fort Carson D-8: $63 million
Lewis-Palmer D-38: $50 million
Cheyenne Mountain D-12: $40 million
Woodland Park RE-2: $21 million
Manitou Springs D-14: $13 million
Ellicott D-22: $9 million
Peyton 23-JT: $6.1 million
Calhan RJ-1: $5.4 million
Miami-Yoder JT-60: $3.4 million
Hanover D-28: $3.3 million
Edison 54-JT: $3 million
Cripple Creek-Victor RE-1: $3 million