Minnesota HF2388 replaces local optional aid and levy with basic supplemental revenue, increases basic supplemental aid, and appropriates money.

Minnesota HF2388 amends education finance by replacing local optional aid and levy with basic supplemental revenue. It increases the basic supplemental aid amount and appropriates money for general education aid. The bill modifies various sections of Minnesota Statutes, including 124E.20, 126C.10, 126C.13, and 126C.17. It also instructs the revisor of statutes to replace terms and correct cross-references. Effective for revenue for fiscal year 2026 and later, the bill impacts school districts and charter schools by altering revenue calculations and aid amounts.

Minnesota HF2388 replaces local optional aid and levy with basic supplemental revenue, increases basic supplemental aid, and appropriates money.

Minnesota HF2388 amends education finance by replacing local optional aid and levy with basic supplemental revenue. It increases the basic supplemental aid amount and appropriates money for general education aid. The bill modifies various sections of Minnesota Statutes, including 124E.20, 126C.10, 126C.13, and 126C.17. It also instructs the revisor of statutes to replace terms and correct cross-references. Effective for revenue for fiscal year 2026 and later, the bill impacts school districts and charter schools by altering revenue calculations and aid amounts.