Bill > HF2100

This bill modifies education finance regulations in Minnesota, focusing on two key areas: local optional revenue and referendum allowances. For local optional revenue, the bill increases the first-tier funding from $300 to $400 per adjusted pupil unit starting in fiscal year 2027, while maintaining a second-tier funding of $424 per adjusted pupil unit. The bill also adjusts the referendum market value thresholds for calculating local optional levies, with the threshold increasing to $671,345 for fiscal year 2027 and later. Additionally, the bill reduces the referendum allowance by $100 for fiscal year 2026, which means school districts will have slightly less funding per pupil. The legislation also includes provisions for appropriating general education aid, though the specific dollar amounts are not fully specified in the provided text. These changes aim to modify how school districts can raise and receive local funding, potentially impacting their financial resources and budget planning. The bill is set to take effect for revenue in fiscal year 2027 and later, giving school districts time to prepare for the new funding structure.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2100&ssn=0&y=2025