UPDATE: Walsenburg Schools (John Mall and Peakview) are closed today, due to no water. Gardner School is operating on a normal schedule.
Amendment 73 Factual Summary for Huerfano Re-1 School District
Printable PDF Here: Huerfano Re-1 A73 Factual Summary
What is Amendment 73?
Amendment 73 (A73) is the result of the citizen’s ballot initiative #93 , known as Great Schools, Thriving Communities (GSTC). A73 is a statewide school funding initiative that will increase income taxes for 8% of tax filers and for C Corporations, while decreasing property taxes for business property owners, farmers and ranchers. It will:
- stabilize and increase funding statewide for preschool through twelfth grade (P-12) public education
- create the Quality Public Education Fund that can only be used for public education, is exempt from the TABOR revenue limit, must be used to supplement General Fund appropriations for P-12 public education, and is adjusted each year for inflation up to 5 percent
How would it impact funding for Huerfano Re-1 School District?
Based on the most recent CDE estimates for 2018-2019, Huerfano Re-1 School District would receive $1.0 million in additional ongoing revenue if the initiative were implemented for the 2018-2019 school year.
How is funding stabilized and raised?
A73 is a property tax decrease for nonresidential property owners and it stabilizes the local share of school funding by permanently setting property tax assessment rates. A73 will prevent future reductions to the residential assessment rate (RAR) as currently required by the Gallagher Amendment. It permanently sets the RAR at 7% (currently 7.2%), and decreases and permanently sets the assessment rate at 24% (currently at 29%) for business property owners, farmers and ranchers — for property taxes levied by school districts.
A73 is an income tax increase for 8% of Colorado tax filers with taxable income (income after exemptions and deductions) over $150,000. In addition, A73 increases the state corporate income tax rate by 1.37% for “C” Corporations (does not include LLCs, sole proprietorships and S corporations ). A73 raises $1.6 billion in revenue that is deposited in the Quality Public Education Fund.
How will the revenue be spent?
The initiative allows school districts to make local decisions about the best use of new funds that reflect local community priorities and needs — examples of how funding could be used include programs supporting mental health, safety and security, career and technical education, school maintenance and repair needs, reducing class size, etc.
How are property taxes for other local governments impacted?
A73 cuts property tax assessment rates only for property taxes levied by school districts. Property taxes levied by other local governments are unaffected by A73.
Will the drop in property tax rates hurt school funding?
No. Setting the residential assessment rate at 7.0% and the nonresidential assessment rate at 24% for mills levied by school districts, the measure decreases local property tax revenue to fund P-12 public schools in FY2019-2020. However, under the School Finance Act, each district’s local share is calculated first, and state aid makes up the difference between the local portion and the total funding need identified through the formula.
What percentage of tax filers will be impacted in Huerfano county and by how much?
The income tax change will impact tax filers with taxable income over $150,000. Income of $180,000 is estimated to equate to $150,000 in taxable income (income after deductions and exemptions). According to the US Census Bureau data, Huerfano county tax filers fit this profile:
- Average income: $51,580
- Percent of taxpayers with income between $150,000 and $200,000: 3%
- Percent of taxpayers with income over $200,000: 3%
The following scenarios provide examples of local Huerfano Re-1 tax filers with various income levels, home values and business properties:
- The state needs a sustainable source of revenue to adequately and equitably fund public education.
- The measure provides property tax relief for business property owners, farmers, and ranchers who have paid an increasingly higher proportion of property taxes
compared to residential property owners.
- One of government’s most important functions is to provide children with a high-quality education.
- Stabilizing the local share of required school formula funding and creating a dedicated source of state revenue for education provide additional flexibility for the state to use more of its general operating budget on other core programs, such as transportation, public safety, and health care.
- The measure imposes a tax increase without any guarantee of increased academic achievement.
- Increasing the state income tax rate could negatively impact the state’s economy. Businesses will have less money to invest in their workers and individuals will have
less money to spend, save, and invest.
- The measure complicates an already complicated property tax system. By creating one assessed value for school districts and another assessed value for all other local taxing entities, the measure will lead to confusion among taxpayers and further complicate tax administration for state and local governments.
- The measure does not allow the state legislature to adjust the income tax thresholds to account for inflation.
Printable PDF Here: Huerfano Re-1 A73 Factual Summary
Reminder: Tomorrow, Wednesday August 22, 2018 is an early release day for all Students. We will be releasing at 3:00pm.
Huerfano School district’s first day of school is on Tuesday,August 14th, 2018.
Breakfast begins at 7:30.
Junior high and high school classes start at 7:43am.
Elementary begin at 8:00.
Release times are:
Peakview and Gardner: 3:45pm
Huerfano Re-1 Schoold District Temporary Suspension of Walsenburg to Gardner School Bus Runs
Due to the unfortunate and unpredictable health situation of the current scheduled bus driver and having no available substitute drivers the bus run from Walsenburg to Gardner School is suspended until further notice.
We are currently advertising for a bus driver with a valid CDL. Applications are being accepted.
Families and students will have options:
1. Continue attending Gardner school yet providing your own transportation to and from school. The suggestion would be to carpool.
2. Register at Peakview Elementary for the 2018-2019 school year.
Thank you for understanding the nature of this unfortunate situation and resulting transportation issue/decision.
Michael J Moore
The July 9th Board meeting has been canceled. There is so much uncertainty and unpredictability with these wildfires, some employees and board members either in pre-evacuation or evacuation areas, community helping others and the fact that these fires have pretty much dominated much of our days it is best to cancel. The board will meet again on Monday, July 23rd. Thank you and be very safe.
The Huerfano Re-1 Distribution of Mill Levy Override Revenue Plan (House Bill 17-1375) can be found on our “Financial Transparency” Page, on via the link below.
House Bill 17-1375 – Distribution of Mill Levy Override Revenue Plan
You can find the 2018-2019 School Calendar here. It was approved by the Re-1 Board of Education on April 23, 2018.
Phone lines may be down for John Mall, Peakview, BOCES and our district administration office for a short period of time today to finish the transition from CenturyLink provided phone services to SECOM.
Calls from Land-based lines are not currently connecting to the district admin office, however cell calls are.
We are working with SECOM to get these issues resolved quickly. We apologize for any inconvenience this may cause.
Due to the severity of the wind and multiple reported accidents on the highway, students will be released today at 2:30pm.
We want to get students home safely before any potential closures of area highways occurs. Thank you.