Bill
Bill > SF2552
summary
Introduced
03/06/2023
03/06/2023
In Committee
03/06/2023
03/06/2023
Crossed Over
Passed
Dead
05/20/2024
05/20/2024
Introduced Session
93rd Legislature 2023-2024
Bill Summary
A bill for an act relating to education finance; increasing equalization aid for the debt service equalization program; decreasing property tax levies; appropriating money; amending Minnesota Statutes 2022, section 123B.53, subdivisions 4, 5, 6.
AI Summary
This bill aims to increase equalization aid for the debt service equalization program in Minnesota, which helps school districts with high debt service costs by providing additional state aid. The bill does this by amending the existing debt service equalization formula, decreasing property tax levies, and appropriating funds to cover the increased debt service equalization aid. The changes to the formula would be effective starting in fiscal year 2025.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Hearing (08:30:00 3/14/2023 ) (on 03/14/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2552&ssn=0&y=2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF2552&version=0&session=ls93&session_year=2023&session_number=0&format=pdf |
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