HB 26-1175

HB 26-1175, which has been signed into law, changes how Colorado allocates funding for early literacy programs and the Teacher of the Year program. Starting in September 2027, it stops transferring money from the state education fund to these specific funds and instead allows the general assembly to directly allocate at least $34 million annually from the state education fund towards supporting the 'Colorado READ Act', which focuses on early literacy initiatives for students. This bill affects how funding is managed for both teacher recognition programs and early childhood reading support across Colorado's public schools.

Official Summary

The act discontinues the annual transfers from the state education fund to the Colorado teacher of the year fund for the Colorado teacher of the year program and to the early literacy fund for specified purposes in support of the 'Colorado READ Act'. The Colorado teacher of the year fund and the early literacy fund are repealed, effective September 1, 2027.     The act permits the general assembly to appropriate money from the state education fund for the Colorado teacher of the year program and requires the general assembly to annually appropriate at least $34 million from the state education fund for the same specified purposes in support of the 'Colorado READ Act'.(Note: This summary applies to this bill as enacted.)

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