Minnesota HF2510 increases school district local optional revenue and adjusts the local optional revenue program to account for inflation.

Minnesota HF2510 amends the local optional revenue program for school districts, increasing the total local optional revenue allowance and adjusting it for inflation. For fiscal years 2026 and later, the total local optional revenue allowance is set at $724, adjusted for inflation based on the formula allowance. The bill also modifies the calculation of the second tier local optional revenue, which is now based on the district's referendum market value per resident pupil unit. This change affects how districts can levy additional funds for education.

Minnesota HF2510 increases school district local optional revenue and adjusts the local optional revenue program to account for inflation.

Minnesota HF2510 amends the local optional revenue program for school districts, increasing the total local optional revenue allowance and adjusting it for inflation. For fiscal years 2026 and later, the total local optional revenue allowance is set at $724, adjusted for inflation based on the formula allowance. The bill also modifies the calculation of the second tier local optional revenue, which is now based on the district's referendum market value per resident pupil unit. This change affects how districts can levy additional funds for education.