Bill > HF2388

This bill replaces the existing "local optional aid" with a new "basic supplemental revenue" system for school districts in Minnesota, creating a three-tier funding structure. The first tier provides $100 per adjusted pupil unit, the second tier provides $300 per adjusted pupil unit, and a new third tier provides $424 per adjusted pupil unit. The bill modifies how these funds are calculated and distributed to school districts, including changes to how the levy and aid are determined based on the district's referendum market value. The changes will impact how charter schools and school districts receive general education revenue, with the new system becoming effective for fiscal year 2026 and later. The bill also includes provisions for how the new basic supplemental revenue will be integrated into existing funding calculations, such as general education aid, referendum tax base replacement aid, and aid guarantees. Additionally, the bill instructs the revisor of statutes to replace terminology related to "local optional" with "basic supplemental" throughout relevant statutes and includes a section for appropriations to support the implementation of these changes, though the specific dollar amounts for appropriations are not specified in the provided text.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2388&ssn=0&y=2025