Bill > SF1612

This bill increases funding and modifies several aspects of school district financing in Minnesota. It proposes raising the general education basic formula allowance, with increases to $7,138 in fiscal year 2024 and $7,281 in fiscal year 2025, and sets future increases at 4% or the rate of inflation (not to exceed 5%). The bill increases English learner cross subsidy aid to 90% of a district's cross subsidy costs, boosts special education cross subsidy reduction aid to 90% in fiscal year 2027 and later, and adjusts local optional revenue to $957 per pupil for fiscal year 2027 and beyond. The legislation also changes how school districts calculate compensatory revenue eligibility by including both direct certification and application of educational benefits, and allows school boards to renew voter-approved operating referendums more than once. Additionally, the bill modifies equalization factors for debt service levies, extends time revenue calculations, and provides new appropriations for various educational aid programs. These changes aim to provide more financial support and flexibility to school districts across Minnesota, with most provisions becoming effective in fiscal years 2026 and 2027.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1612&ssn=0&y=2025