If enacted, this bill would significantly update current statutes regarding school district budgeting by requiring governing boards to prepare budgets for the next three fiscal years instead of just the upcoming fiscal year. It would redefine "budget year" to include the three fiscal years following the current year, enhancing long-term financial planning for school districts. Additionally, the bill mandates the inclusion of enrollment projections for the next three years and the rate of change in student enrollment over the past five years in the budget format, with the Auditor General required to incorporate this information into the budget summary.

The bill also modifies existing language concerning override authorizations for unified school districts, allowing requests for new authorizations for multiple budget years and clarifying that approved requests will replace any existing overrides for those years. It introduces new requirements for detailed budget information, including adjustments to definitions and procedures related to budget increases based on revenue control limits. Overall, these updates aim to improve transparency, accountability, and flexibility in school district budgeting processes.

Statutes affected:
Introduced Version: 15-448, 15-481, 15-901, 15-905, 15-915, 42-12003, 42-12001, 15-912.01, 15-482, 15-457, 15-458, 15-943, 16-204, 15-422, 15-423, 15-424, 15-426, 15-403, 15-947, 15-949, 15-971, 15-447, 15-901.08, 15-808, 15-447.01, 15-797, 15-816.01, 15-761, 15-902.04, 2022-2023, 2023-2024, 2024-2025, 15-944, 15-765, 15-751, 15-752, 15-753, 15-501, 15-771, 15-946, 15-945, 15-905.01, 38-502, 15-1102, 15-907, 15-916, 1988-1989, 1987-1988, 1990-1991, 1991-1992, 15-255
Senate Engrossed Version: 15-448, 15-481, 15-901, 15-903, 15-905, 15-915, 42-12003, 42-12001, 15-912.01, 15-482, 15-457, 15-458, 15-943, 16-204, 15-422, 15-423, 15-424, 15-426, 15-403, 15-947, 15-949, 15-971, 15-447, 15-901.08, 15-808, 15-447.01, 15-797, 15-816.01, 15-761, 15-902.04, 2022-2023, 2023-2024, 2024-2025, 15-944, 15-765, 15-751, 15-752, 15-753, 15-501, 15-771, 15-946, 15-945, 15-905.01, 38-502, 15-1102, 15-907, 15-916, 1988-1989, 1987-1988, 1990-1991, 1991-1992, 15-255