Minnesota HF409 increases local optional revenue and aid amounts for school districts.

Minnesota HF409 amends the state's education finance law by increasing local optional revenue and aid amounts for school districts. The bill sets specific allowances for first, second, and third tiers of local optional revenue, adjusting these amounts based on the ratio of the district's referendum market value per resident pupil unit to set thresholds. The bill also appropriates funds from the general fund to the Department of Education for general education aid, with specific amounts designated for fiscal years 2026 and beyond.

Minnesota HF409 increases local optional revenue and aid amounts for school districts.

Minnesota HF409 amends the state's education finance law by increasing local optional revenue and aid amounts for school districts. The bill sets specific allowances for first, second, and third tiers of local optional revenue, adjusting these amounts based on the ratio of the district's referendum market value per resident pupil unit to set thresholds. The bill also appropriates funds from the general fund to the Department of Education for general education aid, with specific amounts designated for fiscal years 2026 and beyond.