Minnesota HF4980 modifies compensatory aid calculation for fiscal year 2027 and allocation for fiscal year 2028, and appropriates funds.

Minnesota HF4980 modifies the calculation of compensatory aid for fiscal year 2027 and the allocation of compensatory aid for fiscal year 2028. It specifies that for fiscal year 2027 and later, the compensatory education revenue for each building in a district equals its compensatory pupils multiplied by the building compensatory allowance. For fiscal years 2026 and 2027, a district may allocate up to 40 percent of compensatory revenue to school sites according to a plan adopted by the school board.

Minnesota HF4980 modifies compensatory aid calculation for fiscal year 2027 and allocation for fiscal year 2028, and appropriates funds.

Minnesota HF4980 modifies the calculation of compensatory aid for fiscal year 2027 and the allocation of compensatory aid for fiscal year 2028. It specifies that for fiscal year 2027 and later, the compensatory education revenue for each building in a district equals its compensatory pupils multiplied by the building compensatory allowance. For fiscal years 2026 and 2027, a district may allocate up to 40 percent of compensatory revenue to school sites according to a plan adopted by the school board.