DENVER–Statewide public school enrollment continues its ongoing decline, with the Colorado Department of Education (CDE) recently reporting the lowest enrollment numbers in a decade. Despite this stark reality, the state’s public school funding is on an upward trajectory.
The CDE 2026 enrollment data reports 870,793 students currently enrolled in public schools across Colorado. This number reflects a 1.2% drop year over year, with more than 10,000 fewer students.
The decline includes 138 school districts districts (out of 178) and Boards of Cooperative Educational Services (BOCES), compared to 119 last year.
Ross Izard, founder of Xiphos Strategies, a policy and advocacy firm that focuses heavily on education policy, says this sharp decline in enrollment is not surprising, and is mostly driven by parental unrest.
“Continued enrollment declines should not be surprising. Many of them are being driven by growing restlessness among parents in the traditional public system, which has been slow to change or adapt,” Izzard told Complete Colorado,
Izard notes that while traditional public school enrollment drops, public charter and homeschool programs are often a more appealing alternative.
“Many of the best public charter schools in the state have waitlists in the thousands, and there is a growing interest in homeschool programs,” said Izard. “If anything, parents are more interested in education than they have ever been, they are just voting with their feet when it comes to where they access that education.”
The CDE data shows a 19.5% increase in homeschooled students since 2022. Online and charter school students combine for a total of 138,652 this school year.
Yet while enrollment is lower, the state’s public-school funding continues to grow. Colorado’s school finance formula was updated last year HB24-1448, increasing the total school funding to $10.03 billion this year.
The new formula will take seven years to implement, generating a 2.6% spending increase in its first year. The original base cost per pupil in Colorado was set at $8,692 while the average amount spent today is $11,858.
For instance, Denver Public Schools (DPS), the state’s largest school district, lost 1,200 students this year.
But according to its Fiscal Year 2025-26 Budget Book, DPS is estimated to receive a $9.4 million increase this year, and $60 million per year from the state when the formula is fully implemented. DPS spent $11,769 per pupil in 2025 and is expected to increase spending to $12,140 in 2026.
“I think the future of Colorado education is going to have to involve serious discussions about removing barriers to the expansion of choice” Izard concludes. “We are watching the consequences of a system that has fallen behind the times and behind parental expectations. And until that is addressed, we should expect to see similar patterns persist.”

