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Bill > SF4184
MN SF4184
MN SF4184Local optional revenue modifications, unemployment costs and family paid medical leave in local optional revenue inclusion, referendum revenue simplification, equalization aid increase, and appropriating money
summary
Introduced
02/26/2024
02/26/2024
In Committee
02/26/2024
02/26/2024
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; modifying local optional revenue; including revenue for unemployment costs and family paid medical leave in local optional revenue; simplifying referendum revenue; increasing equalization aid; appropriating money; amending Minnesota Statutes 2022, sections 126C.10, by adding subdivisions; 126C.17, subdivisions 1, 5, 6, 7; Minnesota Statutes 2023 Supplement, section 126C.10, subdivision 2e; Laws 2023, chapter 55, article 1, section 36, subdivision 2; repealing Minnesota Statutes 2022, section 126C.17, subdivision 8; Minnesota Statutes 2023 Supplement, sections 124D.995; 126C.43, subdivision 2.
AI Summary
This bill makes several modifications to local optional revenue and referendum revenue for school districts in Minnesota. The key provisions include:
1. Increasing local optional revenue to $920 per adjusted pupil unit starting in fiscal year 2025, and allowing districts to include their unemployment insurance costs and paid family and medical leave expenses in their local optional revenue.
2. Simplifying the calculation of referendum revenue by basing it on the district's prior year referendum allowance, with adjustments for any new referendum amounts or expirations.
3. Increasing the equalization aid provided for referendum revenue, and removing the previous limits on the amount of equalization aid a district could receive.
4. Appropriating additional funding for the general education aid program starting in fiscal year 2025.
Overall, this bill aims to provide more flexible and equitable funding options for school districts, while also accounting for new costs like unemployment and family leave.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Hearing (08:30:00 4/4/2024 ) (on 04/04/2024)
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=SF4184&ssn=0&y=2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF4184&version=0&session=ls93&session_year=2024&session_number=0&format=pdf |
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