Colorado school districts and the Colorado Department of Education are trying to figure out how to best implement the new financial transparency requirements that are part of House Bill 14-1292, the Student Success Act.
The new law has been met with a variety of responses—some districts think that compliance will be relatively easy, while others argue that it will be difficult to meet the requirements. Lobbyists tried to block the new mandate, which goes significantly beyond a 2010 transparency law, Chalkbeat.org reported.
Among the primary elements of the law are that it requires greater standardization in how districts display financial information on their websites; that districts report spending information for individual schools; and that a website be designed that will serve as a clearinghouse to provide clarity and comparability of expenditures among school sites.
