Increases local optional revenue for school districts with limited referendum revenue authority and appropriates funds.
The bill amends Minnesota Statutes to increase local optional revenue for school districts with limited referendum revenue authority. It sets specific formulas for calculating the second tier of local optional revenue for fiscal years 2025 through 2027. The bill also appropriates funds from the general fund to the Department of Education and provides additional general education aid. The changes are effective for revenue for fiscal year 2027 and later.
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- Impact
- Legal Framework
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