Colorado Governor Proposes Significant K-12 Funding Increase and Higher Education Tuition Hikes in Final Budget

Governor Jared Polis's final budget proposal for Colorado includes an additional $212.1 million for K-12 schools, bringing statewide spending to approximately $10.4 billion. The budget also allocates funds for universal preschool and proposes the creation of a new Colorado Department of Higher Education and Workforce Development. Colleges and universities would be permitted to raise tuition by 3% for in-state students and 4% for non-residents.