School districts take wary view of new transparency law

From Chalkbeat Colorado:  School district lobbyists did their best to kill the idea during the 2014 legislative session, but now that new financial reporting requirements are law, school districts and the Colorado Department of Education are scratching their heads and sorting out how to make them work.

There have been ripples of anxiety – and not a little confusion — in many districts as details of the mandate started to sink in after both the legislative session and the school year ended.

“People are grumpy,” said Glenn Gustafson, chief financial officer for Colorado Springs District 11. “No doubt about it.”

Some district leaders don’t necessarily see the requirements as an impossible burden, but they wonder about the value of the changes.

The financial transparency requirements are part of House Bill 14-1292, the Student Success Act that was at the center of fierce school finance policy debates during the 2014 session.

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