Establishes school district seasonal tax base replacement aid and appropriates funds.

The bill establishes school district seasonal tax base replacement aid and appropriates funds for fiscal years 2025 through 2027. It amends Minnesota Statutes to include seasonal tax base replacement aid as part of the general education aid calculation. The seasonal tax base replacement aid is determined by a formula involving the district's seasonal tax base adjustment factor. The bill also appropriates specific sums from the general fund to the Department of Education for these fiscal years.

Establishes school district seasonal tax base replacement aid and appropriates funds.

The bill establishes school district seasonal tax base replacement aid and appropriates funds for fiscal years 2025 through 2027. It amends Minnesota Statutes to include seasonal tax base replacement aid as part of the general education aid calculation. The seasonal tax base replacement aid is determined by a formula involving the district's seasonal tax base adjustment factor. The bill also appropriates specific sums from the general fund to the Department of Education for these fiscal years.