The state has been propping up education funding with one-time money and those dollars are running out.
The spending package worked out by lawmakers generally mirrors what the governor proposed to them last fall.
While lawmakers seemed generally receptive to the governor's budget plan, disagreements loom over how to handle taxpayer rebates.
If lawmakers agree, state spending would go up by $1.7 billion in the fiscal year that starts next July.
Colorado lawmakers are planning to return some of the funds promised to schools with Amendment 23 but many districts say the money doesn’t amount to much, particularly in rural areas.
Lawmakers plan to spend about $1 billion more in the upcoming year, which includes more money for K-12 and higher education.
Economists at Colorado State University project the state government will need to spend $2.9 billion more than it brings in by 2030.
During the legislative session, state lawmakers introduce and argue over hundreds of bills, but there’s only one thing they really have to do and that’s pass next year’s budget.