Colorado HB1345 establishes a new funding allocation model for higher education institutions in the state. The bill, sponsored by Representatives Eliza Hamrick, Julie McCluskie, and Senators James Coleman and Cleave Simpson, modifies the methodology for distributing state funds to public colleges and universities based on recommendations from the higher education funding formula report. The legislation was signed during the 2026 Regular Session.

Colorado's public colleges and universities should prepare for changes to funding distribution under the new allocation formula. Institutions should review the bill text on leg.colorado.gov to understand how the funding model changes may affect their state appropriations and update financial planning accordingly.