Minnesota HF515 increases the general education basic formula allowance by three percent annually starting in fiscal year 2026.

Minnesota HF515 amends the state's education finance law to increase the general education basic formula allowance by an additional three percent per year, beginning in fiscal year 2026. The bill appropriates funds to the Department of Education for general education aid. The commissioner of education must publish the formula allowance by the end of February each year. The policy of the legislature is to fund public schools in line with constitutional obligations, allowing for further increases in the formula allowance.

Minnesota HF515 increases the general education basic formula allowance by three percent annually starting in fiscal year 2026.

Minnesota HF515 amends the state's education finance law to increase the general education basic formula allowance by an additional three percent per year, beginning in fiscal year 2026. The bill appropriates funds to the Department of Education for general education aid. The commissioner of education must publish the formula allowance by the end of February each year. The policy of the legislature is to fund public schools in line with constitutional obligations, allowing for further increases in the formula allowance.