$98M to go to Colorado crumbling schools
DENVER, Colorado ” Eleven Colorado school districts will get help fixing crumbling schools under a bill passed by state lawmakers last year.
State Treasurer Cary Kennedy and former House speaker Andrew Romanoff plan to announce which districts will get the first round of money at a press conference Thursday afternoon.
The winning districts will also have to put up some money themselves. Between state and local money, the treasurer’s office says $98 million will be spent to fix schools around the state without raising taxes.
The bill passed last year combined funds from existing school trust lands ” farms, ranches and commercial property that are owned by the state to provide money for public education. That money was then leveraged to provide $1 billion for repairs.