Bill > SF1426

This bill increases career and technical education (CTE) revenue for school districts by raising the percentage of approved expenditures that districts can receive funding for from 35% to 50%. For fiscal year 2026 and later, the bill establishes a new mechanism for calculating CTE revenue, including setting a specific tax rate that will raise $46,461,000 annually. The bill requires districts receiving CTE revenue to place funds in a reserved account and provide detailed reporting on their CTE programming, including an annual report on the reserve account balance. If a district's reserve account balance exceeds $200 per pupil unit, they must hold a public discussion about their CTE programming at a school board meeting. Districts are also guaranteed that their CTE revenue will not be less than their previous fiscal year's revenue or 100% of their approved CTE program expenditures. The bill removes an older provision about revenue adjustments for taxes payable between 2012 and 2014 and sets an effective date of fiscal year 2026, signaling a significant update to how career and technical education funding will be structured and distributed in Minnesota school districts.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1426&ssn=0&y=2025