DENVER - A mammoth bill to overhaul Colorado's complicated school-finance formula has won initial approval in the state Senate Monday.
The bill passed despite worries the changes won't mean a thing if voters don't approve more than $1 billion in new taxes this fall.
The school finance bill aims to revise years of inequitable school funding and backfill schools damaged by years of deep budget cuts. The bill advanced after hours of debate on the Senate floor, where minority Republicans argued unsuccessfully that the bill aims to stuff schools with more cash but not make education better.
Sponsors insist the measure would do more than rectify funding shortfalls in Colorado schools. It's the biggest revision in decades to how Colorado funds K-12 public schools.